Gold Prices Slip for Third Straight Week Amid Rising Interest Rates

Gold prices have fallen by over 2% this week, marking the third consecutive week of decline. The current price of gold is around a significant drop from its opening value on Monday.

The market's focus remains on interest rates, which are putting pressure on gold prices. As a safe-haven asset, gold often performs well in times of economic uncertainty, but higher interest rates can make it less attractive to investors who prefer to earn interest on their investments.