Gold traded lower in late morning European session on Friday, as investors reacted to hawkish Fed comments. The yellow metal was down by 0.10% and traded at $2,022.3 an ounce at 11.30 UTC at the spot market. The trend was reflected at the futures market, where it traded at $2,033 down from the opening price of $2,034. Nonetheless, the commodity is still up +0.47% on the spot market weekly chart and +0.40% on the futures market weekly chart. Two FOMC members, Fed Governors Lisa Cook and Christopher Waller stated on Thursday that they were for holding high interest rates for as long as inflation remains high. This ... (full story)