Gold is on track for its second consecutive weekly loss, despite ticking slightly higher on Friday, as a stronger U.S. dollar and reduced expectations for Fed rate cuts weighed on prices. The shift in Fed rate-cut probability has curtailed safe-haven demand for bullion, keeping metal prices under pressure over the week.
Gold is on track for its second consecutive weekly loss, despite ticking slightly higher on Friday, as a stronger U.S. dollar and reduced expectations for Fed rate cuts weighed on prices. The shift in Fed rate-cut probability has curtailed safe-haven demand for bullion, keeping metal prices under pressure over the week.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.20
