Gold falls for fourth straight week, faces added pressure from central bank reserve sales

Gold futures ticked higher Friday but still registered a fourth consecutive weekly loss, marking its longest weekly losing streak. The prior-session tumble was driven by a stronger U.S. dollar and higher Treasury yields, and a modest dip-buying rebound was insufficient to reverse the weekly decline. Continued strength in yields and the dollar suggests ongoing downside pressure on gold, warranting a cautious stance on bullion exposure.

Analysis

Gold futures ticked higher Friday but still registered a fourth consecutive weekly loss, marking its longest weekly losing streak. The prior-session tumble was driven by a stronger U.S. dollar and higher Treasury yields, and a modest dip-buying rebound was insufficient to reverse the weekly decline. Continued strength in yields and the dollar suggests ongoing downside pressure on gold, warranting a cautious stance on bullion exposure.