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.

Precious metals were firmly in negative territory, as fears about inflation and the Federal Reserve's interest rate path weighed on investor sentiment.

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 over 3% as escalating U.S.-Iran tensions fueled inflation and interest rate hike fears. Investors awaited key U.S. data, including the Producer Price Index, to…

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.

Gold is poised for a weekly loss amid inflation worries and potential US interest rate hikes, dropping 20% since the Iran conflict.