Gold falls below $4,300 as Fed hike bets firm
Gold dropped below $4,300 an ounce, extending losses after a third straight weekly decline, as a stronger US dollar and higher odds of a Federal Reserve rate hike weighed on the metal.
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Gold Falls as Middle East Tensions Raise Inflation Concerns
() -- Gold prices fell below $4,100 per ounce on Friday as higher oil prices tied to Middle East tensions raised inflation concerns and strengthened expectations of tighter US monetary policy. The metal dropped after renewed US-Iran hostilities lifted oil prices, increasing supply concerns and supporting expectations t