Gold prices were set for a fourth
straight monthly gain, even as the market struggled for momentum
on Friday ahead of a key U.S. inflation reading that could
provide more indications on how the.
Oil prices are on course for a weekly decline after comments from the Fed on interest rate cuts added to bearish sentiment, with the futures market swinging into contango for the first time since the start of the year.
Gold prices were set for a fourth straight monthly gain, even as the market struggled for momentum on Friday ahead of a key US inflation reading that could provide more indications on how the Federal Reserve might proceed with rate cuts later this year. Spot gold was unchanged at $2,343.63 per ounce, as of 0726 GMT. Bullion prices are up 0.4% so far this week and 2.5% so far in the month. US gold futures was flat to $2,341.80, said Reuters.