Gold slumps 1% on way to weekly decline with Fed outlook in focus


GOLD prices slid on Friday as the dollar rose, on course to a weekly loss, while investors remained focussed on whether the U.S. Federal Reserve would pause its tightening cycle after delivering one more rate hike next month.

Spot gold was down 1% at $1,984.89 per ounce, as of 0725 GMT, after rising 1% on Thursday. Bullion has lost about 0.9% so far this week, its biggest weekly decline since late February.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Gold , US dollar , Federal Reserve , Silver , Platinum

Next In Business News

The long game behind Malaysia’s 5G network
Crest Builder builds on�RM1.8bil orderbook
More room for property boom
Medical tourism injects more growth
Bold targets, but can VM2026 deliver?
Empowering Sabah's talent
Ringgit to trade in narrow range against US dollar in holiday-shortened week ahead
Navigating Sarawak’s condominium market
Policies head in right direction
China underground: Affordable and sustainable homes

Others Also Read