Sept 9 (Reuters) - Gold prices rose on Friday helped by a dip in the dollar, but expectations of more interest rate hikes capped further gains as U.S. Federal Reserve Chair Jerome Powell reiterated the central bank's commitment to tame inflation.
* Spot gold
* U.S. gold futures
* The dollar index
* The Fed is "strongly committed" to fighting inflation and remains hopeful that can be done without the "very high social costs" involved in prior campaigns to control surging prices, Powell said on Thursday. His remarks were echoed by other policymakers.
* The U.S. central bank is expected to raise the fed funds rate by another 75 basis points on Sept. 21.
* Higher interest rates increase the opportunity cost of holding the non-yielding bullion and boosts the dollar.
* The number of Americans filing new claims for unemployment benefits fell last week to a three-month low, underscoring the robustness of the labor market.
* The European Central Bank raised its key interest rates by an unprecedented 75 basis points on Thursday and promised further hikes, to combat inflation even as the bloc is likely heading towards a winter recession and gas rationing.
* Holdings of SPDR Gold Trust
* Spot silver
0130 China PPI, CPI YY Aug
The Federal Reserve issues quarterly
financial accounts of the United States (Reporting by Eileen Soreng in Bengaluru; Editing by Rashmi Aich) ((firstname.lastname@example.org; Within U.S. +1 646 223 8780, Outside U.S. +91 80 6749 6131; Reuters Messaging: email@example.com)) Keywords: GLOBAL PRECIOUS/
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