Gold prices continued to decline on Friday, moving toward a third consecutive weekly loss as a strong US dollar and expectations of sustained high interest rates pressured the precious metal.<\/p>\n
Investors remain focused on signals from the US Federal Reserve regarding the future path of monetary policy.<\/p>\n
Spot gold fell 0.5 percent to 4,189.26 dollars per ounce, while US gold futures declined 0.9 percent to 4,207.80 dollars per ounce.<\/p>\n
The metal\u2019s downward trend reflects reduced investor appetite amid currency and rate pressures.<\/p>\n
The US dollar hovered close to its highest level in a year, making gold more expensive for holders of other currencies.<\/p>\n
A stronger dollar typically weakens demand for gold, as the metal is priced in US currency and becomes costlier for international buyers.<\/p>\n
Market expectations of continued tight monetary policy have also limited gold\u2019s appeal.<\/p>\n
Higher interest rates increase the attractiveness of yield-bearing assets, reducing demand for non-yielding assets such as gold.<\/p>\n
Traders are closely monitoring upcoming economic indicators that could influence the Federal Reserve\u2019s next policy decisions.<\/p>\n
Other precious metals posted losses as well:<\/p>\n
– Silver fell 0.8 percent to 65.32 dollars per ounce.<\/p>\n
– Platinum dropped 0.9 percent to 1,680.87 dollars.<\/p>\n
– Palladium declined 0.5 percent to 1,272 dollars per ounce.<\/p>\n
The broader pullback suggests cautious investor sentiment across the precious metals market.<\/p>\n
Meanwhile, European stock markets opened with mixed performance as investors assessed global developments and oil price movements.<\/p>\n
France\u2019s CAC 40 rose 0.18 percent, and Germany\u2019s DAX gained 0.16 percent.<\/p>\n
In contrast, Britain\u2019s FTSE 100 slipped 0.12 percent amid ongoing political uncertainty in the United Kingdom.<\/p>\n
Gold prices are on track for a third weekly loss as the strong US dollar and expectations of sustained high interest rates continue to weigh on the market.<\/p>\n
Future movements will likely depend on upcoming US economic data and signals from the Federal Reserve regarding the trajectory of monetary policy.<\/p>\n","protected":false},"excerpt":{"rendered":"
Gold prices continued to decline on Friday, moving toward a third consecutive weekly loss as a strong US dollar and expectations of sustained high interest rates pressured the precious metal. Investors remain focused on signals from the US Federal Reserve regarding the future path of monetary policy. Spot Gold and Futures Slip Spot gold fell […]<\/p>\n","protected":false},"author":1,"featured_media":34860,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_sitemap_exclude":false,"_sitemap_priority":"","_sitemap_frequency":"","jnews-multi-image_gallery":[],"jnews_single_post":{"subtitle":"","format":"standard","override":[{"template":"7","parallax":"1","fullscreen":"1","layout":"left-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"topbottom","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","post_calculate_word_method":"str_word_count","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","show_comment_section":"1","number_popup_post":"1","show_author_box":"1","show_post_related":"0","show_inline_post_related":"0"}],"image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post_position":"meta","trending_post_label":"Trending","sponsored_post_label":"Sponsored by","disable_ad":"0"},"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":{"view_counter_number":"0","share_counter_number":"0","like_counter_number":"0","dislike_counter_number":"0"},"jnews_post_split":{"post_split":[{"template":"1","tag":"h2","numbering":"asc","mode":"normal","first":"0","enable_toc":"0","toc_type":"normal"}]},"footnotes":""},"categories":[196],"tags":[],"class_list":["post-34859","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-economy"],"_links":{"self":[{"href":"https:\/\/news.iq\/en\/wp-json\/wp\/v2\/posts\/34859","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news.iq\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.iq\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.iq\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news.iq\/en\/wp-json\/wp\/v2\/comments?post=34859"}],"version-history":[{"count":1,"href":"https:\/\/news.iq\/en\/wp-json\/wp\/v2\/posts\/34859\/revisions"}],"predecessor-version":[{"id":34862,"href":"https:\/\/news.iq\/en\/wp-json\/wp\/v2\/posts\/34859\/revisions\/34862"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.iq\/en\/wp-json\/wp\/v2\/media\/34860"}],"wp:attachment":[{"href":"https:\/\/news.iq\/en\/wp-json\/wp\/v2\/media?parent=34859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.iq\/en\/wp-json\/wp\/v2\/categories?post=34859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.iq\/en\/wp-json\/wp\/v2\/tags?post=34859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}