Gold Price Forecast: Bullion Falls Near $5,050 as Dollar Rises, but Banks Keep $6,200 Targets
Gold fell 0.5% to $5,052.15 an ounce Friday, marking a second weekly loss as a stronger dollar and inflation concerns weighed on prices. U.S. gold futures settled at $5,061.70. Barclays delayed its forecast for a Fed rate cut to September, citing persistent inflation. Some Dubai gold shipments resumed after disruptions, but traffic remained at 37% of normal and Indian demand stayed weak.