Spot gold eased on Friday and was on course for a weekly decline, as higher oil prices linked to the Middle East conflict fuelled inflation concerns and bolstered expectations of tighter US monetary policy.

Gold prices rise slightly but face a weekly drop amid Gulf tensions and heightened rate-hike expectations from the Fed.

Spot gold eased on Friday and was on course for a weekly decline, as higher oil prices linked to the Middle East conflict fuelled inflation concerns and bolstered expectations of…

Spot gold was up 0.6% at $4,023.77 per ounce by 0747 GMT, after touching its lowest level since July 1 at $3,983.29