Gold Slips 0.75% to $4,387 as Dollar Holds Near Weekly High

Gold gave back a slice of Wednesday's CPI-driven rally on Friday, with the December contract (GC=F) slipping 0.75% to $4,387 as the dollar held near a one-week high and traders trimmed some of the length built into the post-CPI pop. Silver, oil and copper all traded lower on the same tape, with the dollar acting as the swing factor for the metals complex into the weekend.
Key Takeaways Gold (GC=F) fell 0.75% to $4,387 on Friday, pulling back from the post-CPI intraday high near $4,438 set Wednesday. Silver (SI=F) slipped to $64.33 and WTI crude (CL=F) held at $81.98 while Brent (BZ=F) traded at $87.79, both little changed on the day. The dollar index held near a one-week high after July CPI l…
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