- Spot gold rose 0.3% on Friday
- US gold futures for December rose 0.4%
- St. Louis Fed President Alberto Musalem hinted at further rate adjustments to curb inflation
Gold prices edged higher on Friday as investors weighed inflation worries against possible interest rate hikes by the US Federal Reserve. The rise was modest.
Spot gold gained 0.3%. US gold futures for December climbed 0.4%.
St. Louis Fed President Alberto Musalem hinted that further rate adjustments may be needed to tackle inflation.
