Gold futures failed to hold gains and settled roughly flat on Friday. Gold prices moved higher earlier in the session as the dollar came off 2-month highs..
Consumer prices in the U.S. increased in line with economist estimates in the month of April, the Labor Department revealed in a highly anticipated report released on Wednesday.
Global stock markets and bond yields react to slower-than-expected U.S. consumer price growth, indicating Federal Reserve success in curbing high inflation.