Gold Heads for Weekly Loss on Profit-Taking
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- Gold is on track for a weekly loss driven by profit-taking, even as prices firm on a weaker dollar after inflation data cemented bets the Federal Reserve will hold rates steady.
- Gold steadied as traders weighed the Fed's rate path against Middle East tensions, though prices must first clear a key technical hurdle before another bullish run, according to coverage from Yahoo Finance and Bloomberg.
Why it matters: Gold is caught between competing forces: profit-taking is dragging it toward a weekly decline, while dollar weakness and sticky inflation expectations argue for rate holds — meaning the metal's next directional move hinges on whether the Fed signals patience or pivot.
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