Gold Heads for Third Weekly Advance as Inflation, Fed in Focus

(Bloomberg) -- Gold headed for a third weekly gain as the dollar retreated and Treasury yields wavered, with investors weighing signs of inflation and economic recovery. Traders mostly shrugged off concerns over Federal Reserve minutes Wednesday that showed some policy makers open to talking about tapering bond purchases, focusing instead on the U.S. central bank's accommodative stance. Meanwhile, applications for U.S. state unemployment insurance fell last week to a fresh pandemic low, signaling steady improvement in the job market as remaining business restrictions are lifted.