Gold (XAUUSD) Heads For Weekly Loss as US Inflation Concerns Sap Demand

Gold edged up ahead of US inflation data due Friday, but was still headed for a weekly loss.

Traders are awaiting the release of the personal consumption expenditures index, which is expected to show price pressures remained elevated in March. On Thursday, another key measure of inflation jumped, casting doubt on the Federal Reserve’s ability to start lowering borrowing costs soon and sending Treasury yields higher.

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