Gold prices settled above $1,300 an ounce on Friday, lifting their weekly gain to 2.3%. Prices got a boost as a reading on U.S. inflation came in cooler than expected, raising uncertainty about the pace of U.S. interest-rate hikes by the Federal Reserve. December gold climbed by $8.10, or 0.6%, to settle at $1,304.60 an ounce. That was the highest finish since Sept. 25, according to FactSet data.
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