Gold rises for fifth day as US data lifts Fed rate-cut bets

Gold prices edged higher for a fifth consecutive session, nearing a two-week high, boosted by expectations of a Fed rate cut next week. U.S. inflation data met forecasts, reinforcing the likelihood of a third rate reduction. The ECB is also expected to cut rates amidst faltering economic conditions. Meanwhile, geopolitical tensions in Gaza added to gold's safe-haven appeal.