KONTAN.CO.ID - JAKARTA. Gold prices slipped on Friday as the dollar ticked up, with traders awaiting U.S. inflation data due later in the day to gauge the Federal Reserve's likely stance on further interest rate hikes. Spot gold was down 0.3% at $1,923.33 per ounce, as of 0648 GMT, shedding 0.2% so far in the week. U.S. gold futures were off 0.4% at $1,923.00. The dollar index gained 0.2%. A stronger greenback makes dollar-priced bullion less affordable for other currency holders.
Gold Slips as Dollar Firms Ahead of U.S. Inflation Data
KONTAN.CO.ID - JAKARTA. Gold prices slipped on Friday as the dollar ticked up, with traders awaiting U.S. inflation data due later in the day to gauge the Federal Reserve's likely stance on further interest rate hikes. Spot gold was down 0.3% at $1,923.33 per ounce, as of 0648 GMT, shedding 0.2% so far in the week. U.S. gold futures were off 0.4% at $1,923.00. The dollar index gained 0.2%. A stronger greenback makes dollar-priced bullion less affordable for other currency holders.