Gold set for fourth weekly decline
Gold prices continued to slide on Friday, marking a fourth consecutive weekly loss as a strong U.S. dollar and expectations of faster interest rate hikes weighed on the market, Qazinform News Agency ciets WAM.
Spot gold fell 0.6% to $4,002.77 per ounce.
U.S. gold futures for August delivery dropped 0.7% to $4,017.30.
Weekly decline reached 3.8%, slipping below the key $4,000 level for the first time since November 2025.
Gold has now fallen about 29% from its record high of $5,594.82 on January 29, 2026, and silver went down 2.6% to $56.39 per ounce.
Platinum dropped by 2% to $1,568.55, while palladium declined by 0.6% to $1,177.12.
All major precious metals are heading for weekly losses.
Gold prices fell more than 1 percent on Tuesday, pressured by a firmer US dollar on expectations of a Federal Reserve interest rate hike this year
