Gold Set for Weekly Loss as Oildriven Inflation Fears Boost Ratehike Bets

Gold edged lower on Friday and was headed for a second consecutive weekly drop, as elevated oil prices fueled fears of inflation and boosted expectations of a US interest rate hike this year. Spot gold was down 0.4% at $4,523.42 per ounce, as of 1148 GMT. The metal has shed about 0.4% so far in the ...