Gold hits 4-month high

“Reported separately, retail sales rose 0.4% in December, falling just short of the 0.5% MarketWatch consensus estimate” reports Gold prices aimed for fresh four-month highs on Friday although their upside was limited after a stronger-than-expected inflation reading helped drive up Treasury yields.A close at this level would be the strongest settlement for a most-active contract since Sept. 14, according to FactSet data.Inflation is a two-pronged influence on gold prices.

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