Gold Gains 1.1% but Remains on Track for Weekly Decline
Spot gold climbed 1.1% to $3,918.59 an ounce by 0518 GMT on Friday after hitting a more than one-year low in the previous session. It was down 3.6% for the week as attention shifted to upcoming US inflation data.
By Sukanya MitraGold rose on Friday as bargain hunting emerged after prices hit a more than one-year low in the previous session, while market focus shifted to upcoming US inflation data.Spot gold COMEX:GC1! climbed 1.1% to $3,918.59 per ounce by 0518 GMT, but has lost 3.6% so far this week. US gol…