Group 1 - Gold prices declined as the Bloomberg Dollar Spot Index rose to its highest level since September 11, impacting bullion priced in dollars [1][2] - Spot gold decreased by 0.7% to $3,736.16 per ounce, while silver fell after reaching over $44 per ounce earlier in the week [2] - Investors are awaiting key US inflation and jobs data, with expectations that the Fed's preferred measure of underlying inflation may have grown at a slower pace last month, which could support arguments for rate cuts [1]

Consumer inflation heated up in August — accelerating slightly from a month earlier although not enough to discourage bets that the Federal Reserve will start cutting interest rates next week. The Consumer Price Index rose 2.9% in August compared to the previous year, speeding up from 2.7% in July, the Bureau of Labor Statistics said Thursday.It jumped 0.4% from the previous month, above expectations of a 0.3% increase.On a core basis, which excludes volatile food and energy prices, the CPI rose 3.1% over t ...

Inflation Analysis - Underlying US inflation accelerated in July [1] - Inflation reached the strongest pace since the start of the year [1] Economic Indicators - CPI analysis is available [1]