Gold Tracks Third Weekly Loss Ahead of US CPI — SkimNews
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- Gold is heading for its third straight weekly loss as the US inflation data — including the closely watched CPI release — looms over markets (Reuters, FOREX.com).
- Rate-hike expectations are the dominant pressure cited across coverage, with WSJ framing them as the direct headwind on prices and Bloomberg adding that high oil prices and inflation are reinforcing those bets.
Why it matters: Gold traders are heading into Friday's US CPI print nursing a third straight weekly decline, with every outlet identifying rate-hike expectations — amplified by high oil prices — as the force squeezing the metal; the inflation reading will determine whether that bearish momentum holds or breaks.
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