Gold Set for Steepest Weekly Loss in Over Four Months
Gold fell to a three-month low on Friday and was headed for its steepest weekly decline in more than four months as higher energy prices fueled inflation concerns and reinforced US rate-hike expectations ahead of next week's Federal Reserve meeting.
By Noel John and Anushree Mukherjee, gold fell to a three-month low on Friday and was on track for its steepest weekly decline in over four months. Higher energy prices fueled inflation concerns and strengthened expectations of a US rate hike ahead of next week's Federal Reserve meeting.