00:00It's Benzinga bringing Wall Street to Main Street.
00:02Gold fell for a second day on Friday as investors took profits following a rally fueled by softer
00:08U.S. inflation data, according to Bloomberg. Bullion fell as much as 0.9% to near $4,10 an
00:17ounce after declining 1.3% in the previous session. Gold had reached a 10-week high
00:23Thursday after subdued inflation data eased expectations for more aggressive Federal Reserve
00:28policy. Money markets are pricing in roughly a 1 in 3 chance of a September rate hike.
00:34Gold has recently recovered above $4,000 an ounce as investor demand and central bank purchases
00:41increased, including buying from China. Spot gold was down 0.5% at $4,329.50 an ounce in London,
00:50while silver fell 0.4% to $64.26. For all things money, visit Benzinga.com.
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