Gold eyes first weekly rise in four

Gold gained on Friday and was set to post its first weekly rise in four as the dollar weakened, with investors awaiting U.S. inflation data after mixed signals from Federal Reserve officials on interest rate hikes.

Spot gold XAU= was up 0.2% at $1,778.48 per ounce by 0327 GMT. It has risen more than 0.8% so far this week, after last week’s 6% drop.

U.S. gold futures GCv1 rose 0.1% to $1,778.30.

Capital Limited (LON:CAPD) provide complete exploration and production drilling solutions to customers within the global minerals industry, with a focus on the African markets.

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