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Gold records its sixth consecutive weekly gain
Gold futures fell at the settlement of trading on Friday, the twenty-seventh of January, but recorded the sixth consecutive weekly gain.
Upon settlement, gold futures fell by 0.1% to $1929.40 an ounce, recording a slight weekly gain of about 0.1%.
The markets are anticipating the Federal Reserve meeting next week, and whether it will take a decision to increase interest rates by about 25 points or 50 points.
Today's economic data showed that the core personal consumption expenditures index - the Fed's preferred inflation measure - rose by 4.4% last month, the slowest pace since October of 2021, and by 0.3% on a monthly basis.
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