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Gold heads for weekly loss on oil-driven inflation concerns | Bearish Federal Reserve Rates News | TrendWatcher

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Federal Reserve Rates

Gold heads for weekly loss on oil-driven inflation concerns

BusinessLine

1 day ago

Bearish

Spot gold slipped 0.1% to $4,614.98 per ounce at 0436 GMT, marking a potential weekly loss of about 2% and a one-month low on Wednesday

Gold prices were largely steady in thin trading on Friday, but were headed for a weekly decline, pressured by higher oil prices that have stoked inflation concerns and reinforced expectations of high… [+1954 chars]

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Published

Friday, May 1, 2026 at 05:45 AM

Author

Reuters

Source

BusinessLine

Gold heads for weekly loss on oil-driven inflation concerns

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