Gold eyes quarterly gain; spotlight on US inflation data

Washington, June 28 (BNA): Gold prices edged up on Friday and were poised for a third straight quarterly rise, while investors waited for U.S. inflation data for fresh clues on the Federal Reserve’s interest rate stance.

Spot gold was up 0.3% at $2,334.19 per ounce, as of 1145 GMT. Prices have gained about 4% for the quarter, Reuters reported.

U.S. gold futures rose 0.3% to $2,334.50. Gold rose more than 1% in the previous session after data showed a slowdown in U.S. economic activity.

Spot silver rose 0.9% to $29.32, platinum gained 2.8% to $1,014.90. Both metals were set for quarterly gains.

Spot palladium rose 4.3% to $969.00, but was headed for a third straight quarterly drop.


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