On the eve of a key measure of US inflation that could give more insight into when the Federal Reserve will cut interest rates, gold is on the brink of a weekly loss, even though prices strengthened on Friday.

Spot gold rose 0.4% to $2,374.14 per ounce at 0235 GMT, but fell 1% for the week. US gold futures rose 0.7% to $2,371.00. According to Sugandha Sachdeva, founder of SS WealthStreet, a research firm based in New Delhi, “currently, the precious metal is experiencing a cooling period before prices start to rise in the last quarter of

Spot silver settled at $27.95 per ounce and platinum gained 0.9% to $941.25. Both metals are on track for their third consecutive weekly decline. Palladium rose 0.9 percent to $914.68