Mounting rate hike bets keep weekly loss in sight for gold
Gold prices rose slightly on Friday but are set for a weekly decline of 2.1 percent. Factors such as inflation worries and rising US Treasury yields have negatively impacted the allure of gold as a safe haven for investors. The Federal Reserve's recent interest rate hike has raised concerns about future increases, further affecting gold's market perception.
We haven't written up this one. The Economic Times - Top News has the full story — the link below goes straight to it.
