Gold Faces Over 3% Weekly Drop
Gold prices headed for a weekly loss of over 3%, with the spot price dropping 0.5% to $4,193.58 per ounce, while futures rose to $4,215.30 per ounce. This comes amid concerns over inflation and the possibility of a US interest rate hike, which have dampened the appeal of the precious metal, despite its fluctuations linked to geopolitical developments and volatility in financial markets.
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