Gold traded higher on Friday but headed for a fourth consecutive weekly loss, weighed down by a resurgent U.S. dollar on hawkish Fed bets.
Spot gold rose 0.6 percent to $4,050.63 an ounce but remained on course for another weekly loss, after having slipped to a more than seven-month low earlier this week. U.S. gold futures were up half a percent at $4,066.12.
The dollar index weakened slightly as Thursday’s PCE inflation data matched expectations and traders trimmed Federal Reserve rate hike bets.
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Gold Headed For Fourth Weekly Loss On Rate Hike Concerns
2026-06-26 10:45:56
