Gold prices are heading for a second weekly loss as expectations of higher interest rates, driven by persistent inflation concerns, weigh on the non-yielding metal. Traders are anticipating a potential U.S. rate hike by December, while the Federal Reserve's upcoming policy meeting is expected to hold rates steady.

Gold prices fall as US inflation stays strong, raising Fed rate hike fears. Dollar rise and market selloff keep gold under pressure worldwide.

Gold prices dropped to a six-month low as U.S. strikes on Iran fueled oil prices and inflation concerns. This, coupled with strong U.S. consumer inflation data, reinforces…

Gold prices rebound from a six-month low, but rate-hike fears and inflation concerns limit gains amid geopolitical tensions.