Gold Heads for Worst Week in Four Months Despite Bounce
Gold firmed slightly as a US inflation reading eased rate-hike bets. However, bullion remained on track for its worst weekly drop in four months following recent selloffs.
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Gold ticked up 0.1% to $3,879.71 per ounce on Friday afternoon, remaining on track for its worst weekly decline in four months. The modest rebound followed a softer-than-expected inflation reading in the United States.
