Gold Prices Slip, Facing Second Weekly Loss in a Row

Gold prices declined on Friday, heading for their second straight weekly loss. The drop comes amid a slight uptick in the US dollar and ongoing developments in the Middle East. Markets are also awaiting key US inflation data, which could influence the Federal Reserve’s next monetary policy decisions.

Spot gold fell by 0.4%, settling at $3,313.23 per ounce, marking a 1.7% decline for the week.