Bullion veers up on US economy concerns


Gold prices bounced back in volatile trading on Friday, as focus turned to economic risks after elevated U.S. inflation readings bolstered bets for aggressive interest rate hikes.

Spot gold rose 1.4% to $1,873.58 per ounce by 2:40 p.m. EDT (1840 GMT). U.S. gold futures settled up 1.2% at $1,875.50.

U.S. consumer prices...