Gold prices recover from weekly lows as markets await US inflation report

Gold prices climbed on Friday as investors awaited key US inflation figures for interest rate clues. The metal rebounded after hitting a one-week low yesterday.

Insights:
Gold prices rebounded from a near one-week low on Friday as investors awaited key inflation figures from the US USUS for guidance on interest-rate direction. The market movement comes as participants prepare for data due later today that is expected to influence monetary policy expectations and near-term positioning in commodities and related markets.
One kilo gold bars are pictured at the plant of gold and silver refiner and bar manufacturer Argor-Heraeus in Mendrisio, Switzerland, July 13, 2022. REUTERS/Denis Balibouse
One kilo gold bars are pictured at the plant of gold and silver refiner and bar manufacturer Argor-Heraeus in Mendrisio, Switzerland, July 13, 2022. REUTERS/Denis Balibouse
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