Gold Price Today Falls as Strong Dollar Sends Bullion Toward Second Weekly Loss
Gold slipped on Friday, losing 0.6% to $5,046.69 an ounce by 12:39 p.m. ET, putting the metal on track for its second consecutive weekly drop. April U.S. gold futures shed 1.5% to $5,051.30. With the dollar strengthening and inflation concerns linked to the Iran war weighing heavily, bullion’s safe-haven draw took a back seat. Silver, platinum, and palladium also looked set to close the week in negative territory.
