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Gold lurches higher after weak U.S. inflation, retail data

Reuters  |  LONDON 

By Eric OnstadLONDON (Reuters) - Gold prices climbed to the highest in nearly two weeks on Friday after data pointed to weak U.S. inflation, raising doubts about the prospects of another interest rate hike this year.U.S. consumer prices were unchanged in June and retail sales fell for a second straight month."The downside surprise in inflation and retail sales data was not good news for the dollar index and investors have pushed their bearish bets further," said Naeem Aslam, chief market analyst at Think Markets. "Gold is the net beneficiary of this data as investors factor in the impact of ...

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First Published: Fri, July 14 2017. 19:41 IST