Gold nudges up as it heads for best week since March

Gold edged up on Friday and was set for its best week in seven months, deriving support from tensions in the Middle East and expectations that the U.S. interest rates may have peaked, as markets assess latest inflation data. Spot gold was up 0.3% at $1,873.25 per ounce by 0343 GMT. U.S. Treasury yields and the dollar reversed course in Asia hours on Friday, having strengthened in the last session after data showed U.S. consumer prices increased in September.