Gold Ticks Lower as Dollar, Yields Firm After Inflation Report

GOLD - NEW YORK. Gold softened on Friday as the dollar and Treasury yields firmed after U.S. inflation data matched expectations, but the bullion is set for weekly and monthly gains as a September interest rate cut by the U.S. Federal Reserve remains in play.

Spot gold was down 0.2% at $2,515.99 per ounce, as of 9:52 a.m. ET (1352 GMT) and U.S. gold futures fell 0.4%to $2,549.60.