Gold prices in the United States are hovering near one-month lows.

On Friday, gold prices held at one-month lows as markets reviewed the weaker-than-expected US inflation data, with bullion likely to end its worst week in seven as the US dollar and bond yields remained high.

Spot gold rose 0.2% to $1,914.87 per ounce, but it was still trading at its lowest levels since July 7 earlier in the day. Gold futures in the United States remained unchanged at $1,946.90 per ounce.

Gold prices have fallen approximately 1.4% this week as the US dollar index and benchmark 10-year Treasury bond yields both rose for the fourth consecutive week.

The consumer price index (CPI) in the United States increased 0.2% in July, mirroring the increase in June. The annualized rate increased by 3.2%, but this was less than the 3.3% predicted by Reuters.

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