Business
Gold slips, set for weekly loss on rate-hike fears
Spot gold was down 0.7 percent at $4,442.94 per ounce, as of 0402 GMT
Gold prices fell on Friday and were poised for a weekly loss amid rising inflation and interest rate-hike fears.
Spot gold was down 0.7 percent at $4,442.94 per ounce, as of 0402 GMT. It has fallen about 2 percent for the week so far.
The US gold futures for August delivery fell 0.8 percent to $4,469.10.
Spot silver fell 1.6 percent to $72.66 per ounce, platinum dropped 1.1 percent to $1,879.42, and palladium slid 1.6 percent to $1,299.23. All metals were headed for a weekly loss.