Gold faces weekly decline on inflation fears
Gold prices declined during Friday's trading, with expectations of a weekly loss of around 3.2% due to inflation concerns and the possibility of an increase in U.S. interest rates. The spot price of gold fell to $4,191.17 per ounce, while the U.S. futures contracts rose to $4,212.70, achieving temporary gains. The metal is heading toward losing part of its weekly gains.
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