Gold prices push to fresh four-month highs as investors wait for inflation data

“Gold prices were aiming at fresh four-month highs on Friday as investors got ready for a batch of important inflation numbers due later” writes Markets Reporter for Closely watched core prices are expected to rise 0.2%, following a 0.1% gain in November, according to economists polled by MarketWatch.Of concern for investors in gold is if inflation comes in stronger than expected, which could speed up the Federal Reserves expected plans to increase interest rates.Gold is now looking at a weekly gain of around 0.6%, while month-to-date the metal is up 1.5%.A weaker dollar can boost the appeal of gold as an investment, as most commodities are priced in dollars.

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