Gold Price Today: Why Bullion Fell Nearly 2% Despite Fresh Middle East Escalation
Gold fell 1.8% to $4,566.26 an ounce Friday, heading for a third straight weekly loss after news the U.S. would send more troops to the Middle East pushed the dollar and Treasury yields higher. Spot silver dropped 4.6%, platinum 1.3%, and palladium 2.4%. Physical demand in Asia failed to offset declines. U.S. 2-year and 10-year yields rose to 3.928% and 4.372%, respectively.