KONTAN.CO.ID - JAKARTA. Gold prices edged higher on Friday but were headed for a fourth straight weekly fall as investors stayed away from making big bets ahead of U.S. inflation data that could prompt the Federal Reserve to scale back its bond purchases at a faster pace. Spot gold rose 0.2% to $1,778.13 per ounce by 0352 GMT. U.S. gold futures gained 0.2% to $1,779.30. Bullion prices have fallen 0.4% so far in the week as investors exercised caution before the U.S. Consumer Price Index report, due at 1330 GMT, and the Fed policy meeting next week.
Gold poised for 4th weekly fall on jitters ahead of U.S. inflation
KONTAN.CO.ID - JAKARTA. Gold prices edged higher on Friday but were headed for a fourth straight weekly fall as investors stayed away from making big bets ahead of U.S. inflation data that could prompt the Federal Reserve to scale back its bond purchases at a faster pace. Spot gold rose 0.2% to $1,778.13 per ounce by 0352 GMT. U.S. gold futures gained 0.2% to $1,779.30. Bullion prices have fallen 0.4% so far in the week as investors exercised caution before the U.S. Consumer Price Index report, due at 1330 GMT, and the Fed policy meeting next week.