Gold heads for weekly fall as June US rate cut hopes fade


GOLD prices firmed on Friday, but were on track for their first weekly drop in four over concerns that the Federal Reserve might defer interest rate cuts beyond June after data showed a higher-than-expected rise in inflation.

Spot gold rose 0.1% to $2,162.10 per ounce, as of 1206 GMT. U.S. gold futures remained unchanged at $2,167.50.

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Gold , Federal Reserve , inflation

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