Gold prices gained on Friday as recent U.S. inflation data ?weighed on the dollar ?and led markets ?to slightly trim rate-hike bets.
However, the bullion stayed on course for a fourth straight weekly fall, having slipped to a more than seven-month low earlier this week.
Spot gold was up ?0.3% ?at $4,038.48 an ounce. U.S. ?gold futures for August delivery rose 0.2% to $4,053.80/oz.
Bullion slipped below the $4,000-mark on Wednesday for the first time since November 2025 and is set for a weekly loss of about 2.5% as the dollar climbed ?to its strongest level in over a year on the same day.
Gold is trading near $4,000 for a third consecutive session, with investor sentiment ?still shaken by the recent sell-off as markets adjust to the twin headwinds of a hawkish Fed and a stronger dollar.
Markets still expect three Federal Reserve ?rate hikes this year, with one expert showing a roughly 61% chance of a September increase, down from 69% before the U.S. personal consumption expenditure data.
