Gold prices on Friday were on track for their biggest weekly decline in over three years as expectations of less aggressive interest rate cuts by the U.S. Federal Reserve lifted the dollar, denting allure for bullion among investors.

Gold traded near a two-month low, on course for its worst week since June 2021 as traders wind back expectations for a US Federal Reserve interest-rate cut in December.

Gold prices steadied near the previous session's two-month lows on Friday and were poised for their worst weekly performance in over three years as a rallying U.S. dollar and expectations of less aggressive interest rate cuts by the Federal Reserve pressured the precious metal.

Gold fell for a fifth straight session on Thursday to hit its lowest level in eight weeks, pressured by a stronger U.S. dollar and rising Treasury yields amid uncertainty over the pace of the Federal Reserve's interest rate cuts.

The Fed rate cut could have a big impact on gold prices this week, but that impact may not be what you'd expect.

Gold is on track for its worst week in more than three years as Donald Trump’s US election victory and a strong dollar send bullion’s historic rally into reverse. After jumping more than 35 per cent this year to a series of record highs,

Gold prices recorded the most significant weekly decline in over three years. According to Reuters, the decrease was due to diminishing expectations for further interest rate cuts by the Federal Reserve in the US,

Gold prices have recorded their largest weekly decline in over three years. According to Reuters, this decrease is due to the US Federal Reserve's diminishing expectations for further interest rate cuts,

Gold prices have been hammered this week, falling harder than they have in three years. The metal dropped over 5% to $2,568.20 per troy ounce, its sharpest weekly plunge since June 2021. Just two weeks ago,