Gold down over 1 so far this week
Silver, platinum set for third straight weekly fall
US PCE data due at 1230 GMT

July 26 Reuters Gold was on track for a weekly loss, even as prices firmed on Friday ahead of a key U.S. inflation reading that could offer more cues on when the Federal Reserve will cut interest rates.

Spot gold was up 0.2 at 2,369.99 per ounce, as of 0703 GMT, but has lost more than 1 for the week. U.S. gold futures climbed 0.6 to 2,368.30.

Last week, prices scaled record highs on bets of a September U.S. rate cut. When prices rally in a short span, you see a correction, but we remain bullish on gold, said ANZ commodity strategist Soni Kumari.

The U.S. personal consumption expenditure data for June the Federal Reserve39;s favoured measure of inflation is due at 1230 GMT.

Data on Thursday showed that the U.S. economy grew faster than expected in the second quarter, but inflation pressures subsided, leaving intact expectations of a September rate cut.

Nonyielding bullion39;s appeal tends to shine in a lowinterestrate environment.

With nearterm support in sight at the 2,280 mark, we still believe gold can hit 2,680 by end of this year, said Sugandha Sachdeva, founder of SS WealthStreet, a New Delhibased research firm.

The U.S. elections and the political uncertainty surrounding it along with the U.S.China trade tensions are other key triggers that could lead to a significant rebound in prices.

Top consumer China39;s net gold imports via Hong…