Gold futures gained for the week as investment demand and bargain hunting offset pressure from higher Treasury yields, a stronger dollar and persistent inflation.
Gold rose for a second straight session on Friday, hitting a one-week high as traders priced in the possibility of further interest rate hikes by the US Federal Reserve.
The most liquid gold contract closed high this Friday (9), ending a week of gains for the metal, although the prospects of higher interest in the United States in the face of an advance in oil prices have weighed in the prices. The demand for central banks persists in the face of global uncertainties and [...]