Gold heads for consecutive weekly decline

Gold prices are heading towards recording a weekly loss for the second consecutive time, under pressure from the rise in the US dollar and Treasury yields, while investors await key US employment data. Gold in spot transactions recorded, on the morning of Friday (October 2, 2026), $4,189 per ounce by 08:40 Baghdad time. The yellow metal's losses since the beginning of the week have reached more than 2%.