Gold Approaches Fourth Weekly Decline

Gold is heading toward its fourth consecutive weekly loss due to the strength of the dollar and expectations of interest rate hikes by the Federal Reserve, amid ongoing inflationary tensions and their impact on the precious metal's prices. Gold prices have decreased by about 3.8% this week, with the spot price falling to around $4,011 per ounce, amid concerns that the correction may continue and that pressures from tightening monetary policy will persist.

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