Gold fell about 0.7% this week and more than 2% over the past month after stronger-than-expected U.S. consumer, producer and import-price data increased expectations for further Federal Reserve rate increases. Consumer prices rose 3.7% year over year in September, above the 3.6% forecast and August’s 3.4% reading. Producer prices rose 1.3% month over month and 6.3% annually, while import prices increased 1.1% in September and 8.1% over 12 months. Spot gold traded near $4,165 an ounce on Friday after falling more than 1% on Oct. 14. Peter Schiff said gold near $4,145 was a buying opportunity, arguing that persistent inflation could eventually outweigh the pressure from higher rates. CME FedWatch pricing indicated a 90% chance of a December hike, according to Kitco. Capital Economics expects bullion to drift lower through year-end, and Bank of America sees prices below $4,000, while a sustained move above $4,200 would support a recovery case. Morgan Stanley has also focused on the $4,000 area, citing physical demand and central-bank purchases.