Global marketsUpdated Yesterday

Gold futures end the week down 4.6% as rate-hike bets grow.

Friday’s close put a final figure on the week’s slide: December-delivery gold futures settled at $3,886.30 an ounce, down $188.60, or 4.6%, for the week. Spot gold, a separate measure, settled at $3,878.82 an ounce, still below $4,000. Attaqa linked the weekly loss to stronger-than-expected U.S. inflation and hawkish remarks from Federal Reserve officials, which strengthened market expectations of a rate increase next month. That expectation belongs to the market; it is not a Fed decision.

1 publisher1 report

Coverage started Yesterday