Gold Watch: $4,500 Level in Focus for Next Move
Gold ended Friday at $4,508.50 an ounce, down 0.74% for the day and logging a second weekly drop as renewed Fed rate-hike bets and oil-driven inflation fears weighed on prices. Spot silver fell 1.52%, platinum 2.49%, and palladium 2.98%. U.S. markets face a holiday-shortened week ahead, with Memorial Day closures on Monday. Physical demand in India and China remained weak amid Fed anxiety and a strong dollar.