{
  "id": 19739425,
  "title": "Gold inches higher but heads for weekly loss on Fed hike concerns",
  "url": "https://urgent.news/2026/11/13/gold-inches-higher-but-heads-for-weekly-loss-on-fed-hike-concerns",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-13T01:31:36.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/commodities/news/gold-inches-higher-but-heads-for-weekly-loss-on-fed-hike-concerns/articleshow/135785994.cms"
  },
  "original_language": "en",
  "account": null,
  "summary": "Gold prices edged higher on Friday, recovering from a low point seen in more than a year, according to The Economic Times - Top News. Despite this recovery, the metal remains on track for a weekly loss as higher oil prices have influenced the market.\n\nEarlier on Thursday, gold prices declined amid rising expectations for Federal Reserve interest rate hikes, according to Investing.com. At 16:38 ET, spot gold dropped 2.9% to $3,874.04/oz, while gold futures fell 3.1% to $3,878.57/oz. Investing.com reports that spot gold has decreased 5.2% over five sessions, coinciding with a 1.6% advance in the U.S. dollar index.\n\nDavid Morrison, a senior market analyst at Trade Nation, noted that a rally attempt was quashed by a jump in the U.S. dollar following expectations of additional rate hikes this year and next. Morrison stated that the moves in gold and the dollar were sparked by the release of U.S. jobs data last Friday.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}