Inflation worries, strong dollar pressure gold

Gold prices recorded a second consecutive weekly decline, pressured by a stronger dollar and inflation worries driven by the Iran war, which weighed on interest rate-cut expectations.

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Gold prices recorded a second consecutive weekly decline, pressured by a stronger dollar and inflation worries driven by the Iran war, which weighed on interest rate-cut expectations.

The afternoon fixing on Friday in London was $5,044.60 an ounce, compared with $5,127.55 a week earlier. Thai selling prices were quoted at 77,300 baht per baht-weight (15.2 grammes), down 650 baht from the previous week.