Gold on the Rise After Soft U.S. Inflation Data But Set for Weekly Fall

Despite a brief climb after softer than expected U.S. inflation data, gold prices are poised for a weekly loss. The muted inflation data spurred some investors to seek refuge in the safe-haven precious metal, which led to its price uptick. However, the optimism was not sufficient to counterbalance the earlier losses recorded in the week, putting the metal on track for an overall weekly decline. Read More