Gold falls for fourth week due to Fed stance
Gold prices have fallen for the fourth consecutive week due to the strength of the dollar and expectations of an increase in U.S. interest rates to curb inflation, with the ounce price dropping to around $4,000. The metal experienced a decline of 3.6% over the week, after reaching its lowest level since November 2025, amid forecasts of three interest rate hikes this year and rising U.S. inflation, which continued to increase in May.
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