Gold Bounces Amid Rate Hike Fears and Upcoming Inflation Data

Gold prices have been on a downward trend for the past week, but rebounded slightly on Friday to reach $4,363.01 per ounce.

This move was short-lived, however, as expectations of a U.S. rate hike strengthened, causing gold prices to fall about 1.5% for the week.

The Federal Reserve's policy path is expected to be influenced by upcoming U.S. consumer price index data, which will provide further clues on their decision-making process.