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The Economic Times

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INSANE: Mounting rate hike bets keep weekly loss in sight for gold | Vintage Vibes

Gold US Federal Reserve US Treasury Inflation United States

Gold prices edged higher on Friday but were headed for a weekly loss, as concerns about sticky inflation, hawkish signals from Federal Reserve policymakers, and higher US Treasury yields dented bullion's appeal.

Spot gold was up 0.1% at $4,282.98 per ounce by 2:05 p.m. ET (1805 GMT). Prices were headed for a weekly loss, down about 2.1% so far. US gold futures settled 0.5% higher at $4,321.20.

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