Gold rises, but on track for weekly loss as Fed rate hike expectations build

By Pablo SinhaGold prices rose on Friday but was on track for a weekly loss, as rising US Treasury yields and growing expectations of Federal Reserve rate hikes weighed on the metal.Spot gold TVC:GOLD was up 0.6% to $4,304.71 per ounce by 1043 GMT, but was down about 1.7% so far this week. US gold…