Gold bounces back from near one-week low; US inflation data in focus


A jeweller displays silver and gold bars at his shop in Kuwait City. — AFP

GOLD rebounded on Friday, recovering from a nearly one-week low in the previous session, as investors awaited key U.S. inflation figures for cues on the direction of interest rates following robust jobs data that tempered rate cut expectations.

Spot gold was up 0.6% at US$4,949.99 per ounce as of 0626 GMT, but has lost 0.2% so far this week. U.S. gold futures for April delivery climbed 0.4% to US$4,968.0 per ounce.

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Gold , inflation , interest rates , Asian , Fed , monetary policy

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