Gold Faces Fourth Consecutive Weekly Loss Amid Strong Dollar and Rising Rate Hike Expectations

Gold prices are set to register a fourth consecutive weekly loss today, Friday, driven by the continued strength of the US dollar and growing expectations that the Federal Reserve will maintain a faster pace of interest rate hikes to combat inflation. The yellow metal experienced a 0.3% decline in spot transactions to $4011.19 per ounce, while US gold futures for August delivery fell by 0.4% to $4026.90 per ounce. Gold is poised for an overall weekly loss nearing 4%, after plummeting below the $4000 per ounce level on Wednesday for the first time since November 2025.