Gold set for first weekly drop; eyes on US inflation

Gold was little changed on Friday ahead of a key U.S. inflation report, but prices were on track for their first weekly drop in six weeks on easing concerns of a major escalation of the Middle East crisis.Spot gold edged 0.1% higher at $2,334.57 per ounce by 0409 GMT. U.S. gold futures rose 0.2% at $2,346.70.