Gold Heads For Weekly Loss
Gold prices ticked up on Friday but were set to post a weekly loss, pressured by a stronger Dollar and growing expectations that the Federal Reserve will keep interest rates elevated to contain inflation.
Spot Gold
Spot gold rose 0.2 percent to $4,288.36 per ounce by 02:00 GMT, but was down 2 percent so far this week. US gold futures edged 0.6 percent higher to $4,323.10.
Other Precious Metals
- Spot silver slipped 0.1 percent to $63.81 per ounce.
- Platinum climbed 0.5 percent to $1,756.90.
- Palladium fell 1.3 percent to $1,257.56.
All three metals were poised for weekly losses.
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