Gold Heads for Steepest Weekly Loss in Over Four Months
Gold eased 0.2% to $4,016.27 per ounce by 035… and was headed for its steepest weekly decline in over four months. Elevated oil prices bolstered expectations for higher-for-longer interest rates ahead of next week’s Federal Reserve meeting.
Gold prices edged lower on Friday, putting the metal on track for its sharpest weekly fall in more than four months. Elevated oil prices supported expectations that interest rates would remain higher for longer, as investors waited for next week's Federal Reserve policy meeting. Spot gold (TVC:GOLD) slipped 0.2% to $4,016.27 per ounce by 035…