Gold heads for steep weekly loss as oil prices fuel Fed rate concerns
Gold eased on Friday , headed for its steepest weekly decline in over four months as elevated oil prices bolstered higher-for-longer interest rate expectations, while investors awaited next week’s Federal Reserve policy meet. Spot gold eased 0.2% to $4,016.27...
Gold eased on Friday , headed for its steepest weekly decline in over four months as elevated oil prices bolstered higher-for-longer interest rate expectations, while investors awaited next week’s Federal Reserve policy meet. Spot gold eased 0.2% to $4,016.27 per ounce by 0351 GMT, paring losses slightly after touching its lowest level since July 20 earlier in the session. The metal has fallen 3.5% so far this week,...