S. inflation readings this week tipped the scales in favor of an interest rate hold by the Federal Reserve next month.

m. EDT (1740 GMT).

3% in the previous session ‌on profit-taking after ⁠touching ⁠their highest level since June 5. 9% for the week so far.

S. 30."

S. dollar index is a friendly outside market that's supporting gold today," said Jim Wyckoff, a market analyst at American Gold Exchange.

S. 3%, making greenback-priced bullion more affordable for buyers overseas.

S. nonfarm payrolls in ⁠July, and ‌inflation readings this week that were largely in line with expectations.

75% range. Markets are pricing in a 33% chance of a rate hike in September versus 55% last week, CME's FedWatch Tool showed.

[FEDWATCH]" As we expect the Fed not to raise interest rates, gold price therefore still has further upside potential," Commerzbank said in a note. Lower interest rates tend to support non-yielding gold.

Meanwhile, transit through the Strait of Hormuz appeared to grind to ‌a near-standstill after two more ships were attacked and the United States said it could maintain a naval blockade of Iran indefinitely. Oil prices eyed weekly gains on the ⁠news.

[O/R]" If oil prices continue to rise, that's going to be a bearish element for the metals market because it would aid inflation and prompt central banks to raise interest rates," Wyckoff said. Elsewhere, gold discounts in India widened to more than two-month highs.

93. Silver and platinum were poised for weekly gains, while palladium was set for a weekly loss.