Gold heads for weekly loss as stronger dollar, Fed rate outlook weigh


Gold prices eased on Friday and were set to post a weekly loss, pressured by a stronger dollar and growing expectations that the Federal Reserve will keep interest rates elevated to contain inflation.

Spot gold fell 0.1% to $4,274.90 per ounce by 0632 GMT, down over 2% so far this week. US gold futures edged 0.3% higher to $4,310.30.

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