Gold prices declined on Friday, heading for a weekly loss, under pressure from the strength of the dollar and increasing expectations that the US Federal Reserve will keep interest rates high to control inflation.
Spot gold fell 0.2 percent to $4270.83 per ounce, declining more than 2 percent since the beginning of the week, while US gold futures rose 0.2 percent to $4305.10 per ounce, according to CNN.
Silver declined 0.5 percent to $63.59 per ounce, platinum fell 0.1 percent to $1746.36, and palladium dropped 1.9 percent to $1249.71, with all three metals also heading for weekly losses.
