Gold approaches its fourth straight week decline
Forecasts indicate that gold prices will continue to decline, as spot transactions have decreased by 0.3% to $4,011.19 per ounce, with futures contracts dropping by 0.4% to $4,026.90. It appears that the yellow metal is on track for an almost 4% weekly loss. This comes after the price fell below the $4,000 level for the first time since November 2025, amid dollar support and expectations of a faster rate hike by the U.S. Federal Reserve to curb inflation.
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