India, May 30 -- Gold headed for a weekly loss on Friday while the dollar ticked higher ahead of a key U.S. inflation reading that may provide further insight into the Federal Reserve's policy trajectory.
Spot gold fell 0.6 percent to $3,297.42 per ounce in European trade while U.S. gold futures were down 0.8 percent at $3,318.59.
The dollar index ticked up after an U.S. Appeals court temporarily halted lower court's decision of tariff injunction, giving the court time to review legal arguments and filings.
The Trump administration must submit its briefings by June 9, after which the court will determine the next step.
The White House is confident that they will manage to keep tariffs in any way. "You can assume that even if we lose [in...