The precious metal is experiencing its third consecutive weekly decline as mounting expectations for Federal Reserve interest rate increases and US dollar appreciation continue to pressure prices. Bullion prices retreated approximately 1.8% to reach $4,134 per ounce on Friday. Futures contracts for US gold decreased 2.2% to settle at $4,152. The yellow metal is positioned to register a weekly loss of around 2%. Prices had initially climbed earlier in the week following the announcement of an interim diplomatic agreement between Washington and Tehran. However, these advances quickly evaporated after the Federal ... (full story)