GOLD PRICES RECORD MASSIVE HIKE IN DOMESTIC MARKET
U.S. Federal Reserve hawkish signals about the path of U.S. interest rates drove up the dollar on Friday, which led to a slight decline in gold prices.
Spot gold fell 0.1% to $1,756.59 an ounce by 23:03 ET (03:03 GMT), while gold futures fell 0.1% to $1,769.70. Spot and futures gold fell for all five sessions this week.
In the international market, spot gold dipped slightly to $1,775.6 per ounce as the stronger dollar dented bullion’s appeal and investors watched for signs of future rate hikes by the federal reserve.
Platinum futures fell 0.1% on Friday, while silver shed 0.8%.
Among industrial metals, copper futures fell slightly on Friday, and were set to lose over 1% this week