Gold prices were headed for a weekly fall on Friday, as hotter-than-expected U.S. inflation data dented hopes for a super-sized 50-basis-point (bps) Federal Reserve rate cut in September.

Yields on the debt are the biggest determinant of how much it costs to buy a home, fund a business, or pay the interest on the national debt.

A hotter-than-expected wholesale inflation report just made the Federal Reserve’s decision regarding a September rate cut even harder, raising questions of whether higher prices for businesses will be passed on to consumers,