Gold prices edged up toward $4,000 an ounce on Friday but headed for a significant weekly loss on oil-led inflation worries.
Spot gold rose half a percent to $3,998.01 per ounce after the previous session's sharp sell-off.
Despite today's recovery, the precious metal was on track for a 3 percent weekly loss amid concerns that rising energy prices could reignite inflation and complicate the Federal Reserve's policy outlook. U.S. gold futures were up 0.2 percent at $4,000.10 an ounce.
For comments and feedback contact: editorial@rttnews.com
Market Analysis
September 11, 2026 16:26 ET Consumer prices data was the main news on the economic front in the U.S. this week. In Europe, the latest interest rate decision from the European Central Bank was the focus along with the revised second quarter economic growth data for the euro area. In Asia, the monthly foreign trade data from China drew attention.