Forex
Gold Prices Headed for Third Straight Weekly Loss Amid Fed Policy Uncertainty
Gold prices are expected to end a third consecutive week in the red as investors await key US inflation data, which may shed light on the Federal Reserve's next policy move. The yellow metal edged higher on Friday but remains down over 2% for the week so far.
Sport gold is currently trading at $4,324.79 per ounce, while U.S. gold futures for December delivery are down 1% at $4,364.70.
The stronger dollar and expectations of a US rate hike have weighed on gold prices this week, with traders looking to the upcoming consumer price index data for further clues on the Fed's policy path.