Gold Reclaims $4,000 as Softer US Inflation Eases Rate Hike Fears

Gold climbed above $4,000 per ounce after softer-than-expected US inflation data reduced expectations of further Federal Reserve rate hikes. Despite the rebound, bullion is headed for a fourth consecutive weekly decline, pressured by a stronger US dollar and hawkish policy outlook after recently hitting its lowest level since November. $IIFL $TITAN