KONTAN.CO.ID - LONDON. Gold prices edged higher on Friday en route to their biggest weekly gain in more than two years as U.S. data pointing to slowing inflation boosted hopes that the Federal Reserve would slow its aggressive rate hikes.
Spot gold was up 0.4% at $1,761.73 per ounce, as of 0610 GMT. Prices have risen 4.7% so far in the week, heading for their biggest gain since July 2020.
U.S. gold futures rose 0.6% to $1,764.50.