Gold Price Week Ahead: Why Bullion Faces a Volatile Open as Fed Bets and Iran Tensions Collide
Gold fell 1.8% to $4,563.64 an ounce late Friday, marking a third straight weekly loss, as U.S. futures closed at $4,574.90. Traders cited rate-hike fears and new U.S.-Iran tensions as drivers of volatility. Brent crude settled at $112.19 a barrel, its highest since July 2022. Physical gold demand in India and China remained subdued despite festival buying and narrowing dealer discounts.