Gold price today: $5,000 back in play as Fed minutes and U.S. data loom
Spot gold jumped 2.1% to $5,022.06 an ounce Friday after U.S. inflation data came in cooler than expected, reviving bets on Federal Reserve rate cuts. U.S. April gold futures settled 2% higher at $5,046.30. The dollar index slipped 0.07% on the day and 0.84% for the week. U.S. markets close Monday for Presidents’ Day; Fed minutes and GDP data are due Feb. 18 and Feb. 20.
