Gold Faces Weekly Drop Amid Inflation Worries

Gold prices declined today, Friday, heading for a weekly loss of 3.4% due to concerns over inflation and the possibility of raising US interest rates. It fell to $4,183.19 per ounce. Gold movements are heavily influenced by geopolitical developments and potential hints regarding US monetary policies, amid escalating tensions between Iran and the United States. Other precious metals also experienced declines, and their downturn is expected to continue amid the current economic and political uncertainties.

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