Gold prices rose in Asian trade on Friday as signs of a cooling U.S. economy fed some demand for the yellow metal, although gains were limited in anticipation of more rate cut cues from key inflation data.
The yellow metal was also set for steep weekly losses after tumbling from near record highs over the past five sessions, as traders largely priced out expectations for early U.S. interest rate cuts.
Spot gold rose 0.2% to $2,335.86 an ounce, while gold futures expiring in June rose 0.2% to $2,335.68 an ounce.
