Gold is the best day of the week on Friday, with hot inflation figures buzzing on Wall Street

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Gold prices soared Friday after May’s inflation data came in hot, shattering hopes that high living costs in the U.S. could shrink as the Federal Reserve works to tighten financial conditions. Gold to ship in August
GCQ22,
-0.02%

Rose 1.2% on Friday, adding $ 22.70, settling for $ 1875.50 an ounce on Comex. “Big sale in the U.S. stock market after reading the hottest U.S. consumer price index for more than 40 years has frightened bullies on the stock market and led to demand for a safe haven for the precious metal,” said Jim Waikoff, a senior analyst at Kitco.com. To MarketWatch. The most active gold contract
GC00,
-0.02%

Increased 1.4% per week, according to FactSet data.

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