Gold Recovers Slightly but Remains on Course for Its Weakest Week Since June Gold prices made a modest rebound on Friday, but the precious metal's trajectory for the week remains unmistakably downward.
Concerns about inflation and escalating tensions between the United States and Iran continue to drive down demand for gold.
The situation is all too familiar: heightened Middle East conflict, rising crude prices, and lingering fears of renewed inflationary pressures have created a perfect storm that threatens to undermine the Federal Reserve's carefully calibrated policy approach.