Urgent: Gold falls as investors take profits and heads for a weekly loss
Gold prices declined during Friday trading, moving toward recording a weekly loss, as investors took profits after US inflation data stayed soft, pushing the precious metal to its highest level in more than two months, while expectations for raising Federal Reserve interest rates in the near term weakened.
Spot gold fell 0.6% to $4,324.39 per ounce, while US December gold futures dropped by about 1% to $4,379.20.
Gold had risen on Thursday to its highest level since June 5, before ending the session down 1.3%, putting it on track to record a weekly loss.#EthereumFoundationDropsPoseidonForL1 #TapestryFallsNearly15%OnEarnings #DeepSeekLaunchesHarnessCodeAgentBeta #SanDiskExtendsGainsTo11% #US30YBondBidToCoverFallsTo2.39 $TRUMP
$XAU
Gold prices declined during Friday trading, moving toward recording a weekly loss, as investors took profits after US inflation data stayed soft, pushing the precious metal to its highest level in more than two months, while expectations for raising Federal Reserve interest rates in the near term weakened.
Spot gold fell 0.6% to $4,324.39 per ounce, while US December gold futures dropped by about 1% to $4,379.20.
Gold had risen on Thursday to its highest level since June 5, before ending the session down 1.3%, putting it on track to record a weekly loss.#EthereumFoundationDropsPoseidonForL1 #TapestryFallsNearly15%OnEarnings #DeepSeekLaunchesHarnessCodeAgentBeta #SanDiskExtendsGainsTo11% #US30YBondBidToCoverFallsTo2.39 $TRUMP
$XAU