Gold set for fourth weekly gain as U.S. dollar under pressure

​​​​It came a day after news that consumer prices (CPI) were unchanged in July due to a drop in gasoline prices. San Francisco Federal Reserve Bank President Mary Daly said a 50-basis-point interest rate hike in September "makes sense" given the recent economic data including on inflation, but that she is open to a bigger rate hike if data warrants.

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