India, Nov. 13 -- Gold prices traded higher on Friday in a likely technical rebound after falling for three straight sessions to the lowest level in more than a year.
Spot gold edged up 0.6 percent to $3,901.08 an ounce but was on track for a weekly loss of more than 4 percent on concerns over elevated oil prices, mounting inflation concerns and expectations that U.S. interest rates will stay higher for longer.
As inflation and rate-hike worries mount, investors will scrutinize the U.S. October PPI inflation data later in the day for additional clues on the Federal Reserve's rate trajectory.
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