Gold Prices Decline Weekly Amid Dollar Strength and U.S.-Iran Tensions
Gold prices fell on Friday, heading for a weekly drop of around 3%, driven by a stronger U.S. dollar and concerns over inflation from U.S.-Iran tensions. Other precious metals like silver and platinum also declined, with silver set for an 8% weekly loss. The dollar's strength, fueled by inflation fears, reduced the appeal of non-yielding assets like gold.
Topics: Dollar strength Gold Inflation concerns Precious metals U.S.-Iran tensions