Gold heads for weekly loss as investors unwind inflation-fuelled rally
Gold prices slipped on Friday and were headed for a weekly loss as investors locked in profits after mild US inflation data propelled bullion to its highest level in more than two months and weakened the case for a near-term Federal Reserve rate hike. Spot gold was down 0.5% at $4,326.75 per ounce, as of 0336 GMT. While US gold futures for December delivery slid nearly 1% to $4,382.50. Bullion…
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