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⁠Gold on track for third weekly loss as US inflation data looms‌

Gold prices edged higher ‌on Friday but were headed for a third consecutive weekly fall as expectations of a U.S. rate hike strengthened, while traders awaited U.S. consumer price index data for further clues on the Federal Reserve's policy path.

Sources (1)· Sep 11, 2:36 AM

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Reuters· Sep 11, 2:36 AM⁠Gold on track for third weekly loss as US inflation data looms‌

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Dollar rises against euro and Swiss franc after US inflation dataThe dollar edged higher against the euro and Swiss franc on Friday after U.S. inflation data showed a rise in consumer prices, ‌reinforcing expectations that the Federal Reserve will raise interest rates next week.

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Analysis: What a Fed rate hike would mean for the U.S. economy and inflationFederal Reserve officials have signaled they’re prepared to raise interest rates if inflation doesn’t improve soon, but they may find their main policy tool will do little to restrain some of the forces pushing up prices now. The consumer price index report due Friday is poised to determine whether policymakers will lift rates next week, with officials…

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