Gold prices decline amid market pressure
Gold prices have declined for the fourth consecutive week, affected by the rising US dollar and expectations of an interest rate hike in the United States. The price of an ounce reached $3,991.49, recording nearly a 4% weekly loss after dropping below $4,000 for the first time since November 2025. This decline comes amid ongoing inflation concerns and predictions of three interest rate increases in the US over the year, which reduces gold's appeal as an inflation hedge.
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