Gold prices saw a modest uptick on Friday, buoyed by a weaker dollar and slightly eased expectations of U.S. interest rate hikes following inflation data. Despite this rebound, gold is still on track for its fourth consecutive weekly dip. This slight recovery comes after hitting a seven-month low earlier in the week, with analysts pointing to the inverse relationship between gold and rising interest rates.
Gold prices experienced a modest increase on Friday, primarily driven by a weakening U.S. dollar and slightly reduced expectations for interest rate hikes. Despite this daily rebound, the precious metal is still projected to record its fourth consecutive weekly decline, having…
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