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Gold set for third weekly fall on hawkish US Fed, elevated US dollar
Gold prices rose on Friday on technical buying, but were headed for a third consecutive weekly decline, pressured by a firm U.S. dollar and as a hawkish U.S. Federal Reserve dampened hopes for near-term interest rate cuts. Spot gold rose 1.1% to $4,700.97 per ounce as of 0257 GMT, rebounding from a near two-month low hit in the previous session. US gold futures for April delivery rose 2.1% to $4,701.30.“Gold held some important technical supports in the weekly time frame and gold may see a recovery to the level where it broke down, around $4,800,” said Nicholas Frappell, global head of institutional markets at ... (full story)
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- Mar 20, 2026 3:24am Posted byFundamental Analysis13,547
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