Mumbai, Dec. 5 -- Gold prices climbed toward $4250 per ounce in Friday's electronic trades, supported by a weakening US dollar as markets anticipate a Federal Reserve rate cut next week. Focus now turns to the delayed September PCE report, the Fed's preferred inflation gauge, which could shape expectations for the timing and depth of upcoming monetary easing. The dollar index slipped below 99 and headed for a second straight weekly decline, adding to bullion's appeal. On MCX, February gold futures traded at Rs.130550, up 0.3 percent per 10 grams, reflecting steady domestic demand. Over the week, gold is poised to close flat, though a retest of the $4300 zone could unlock further upside potential.
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