Economic TimesLean R·
Gold gains as dollar weakens; still on track for fourth straight weekly loss
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.
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