U.S. stocks rose on Friday after a tame inflation report reinforced expectations that the Federal Reserve will cut interest rates at its final meeting of the year next week.

Follow for live news and analysis of the Fed's preferred inflation gauge, the personal consumption expenditures price index. The September reading is due to be released on Friday morning.

Key economic data includes a delayed September reading of the Federal Reserve's preferred inflation gauge. Here's what to watch: Inflation data: September's personal-consumption expenditures price index,

Key monthly metrics from the US government continue to be released now that the shutdown has ended. Next up: September wholesale inflation and retail sales.

By Anmol Choubey Dec 5 (Reuters) - Gold prices rose on Friday as expectations that the Federal Reserve will cut interest rates next week gained traction, with investors awaiting U.S. inflation data that could clarify the central bank's next move.

Shutdown-delayed data shows inflation ticked up and consumer spending flattened in September.

Friday's inflation data could soothe some worries about price growth. In September, the Fed's preferred inflation metric slowed down on an annual basis for the first time since April, BEA data showed Friday.

The latest inflation data release, September's Personal Consumption Expenditures (PCE) data, showed prices rose in line with expectations. This report will be the US federal government's final data release before the Federal Reserve's last FOMC meeting of the year,