WASHINGTON (dpa-AFX) - Gold prices were slightly higher Friday morning ahead of crucial inflation data from the US.
A tame inflation report could cement expectations that the Federal Reserve will keep interest rates at zero all summer.
Gold for June was up 7 dollars at $1212 an ounce, having topped out near $1230 earlier in the week.
the Labor Department is scheduled to release its consumer prices report for April at 8:30 am ET. Economists expect consumer prices to have edged up 0.1 percent month-over-month, while core consumer prices may have also risen by 0.1 percent.
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