Gold set for weekly loss as inflation, rate-hike fears persist

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Gold prices fell on Friday and were on ‌track for a weekly loss, pressured by concerns around inflation and potential U.S. Federal Reserve interest rate hikes.
Spot gold was down 0.5% at $4,193.58 per ounce, as of 0442 GMT, and was set for a weekly loss ​of 3.1%. U.S. gold futures for August delivery rose 2.5% to $4,215.30.

Source: Reuters