Gold Rises 0.6% but Remains on Track for Weekly Decline
Spot gold rose 0.6% to $3,898.27 per ounce by 0740 GMT, after hitting a more than one-year low in the previous session. It has lost 4.1% so far this week.
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! rose 0.6% to $3,898.27 per ounce by 0740 GMT, but has lost 4.1% so far this week. US gold f…