Gold Price This Week: Bullion Logs Worst Weekly Drop Since 2011 as Fed, Dollar Upend Haven Trade
Spot gold fell 1.8% to $4,563.64 an ounce Friday, marking its third straight weekly loss and the steepest futures drop since 2011. Investors pulled $5.19 billion from gold and precious-metals funds, the largest outflow since August 2018. The Federal Reserve held rates steady and raised its 2026 inflation forecast, while gold miners and related equities also slumped.