QNA:
Gold prices are heading today to incur a fourth consecutive weekly loss, driven by fears that the Federal Reserve (the US central bank) will continue its policy of monetary tightening and raise interest rates in the face of inflation.
Gold settled in spot transactions at $ 1910.20 an ounce (ounce), but fell 0.5 percent during the week, while US gold futures recorded $ 1916.00, almost unchanged.
As for other precious metals, silver fell 0.4 percent to $22.6567 an ounce, while platinum fell 0.3 percent to $898.83.
In turn, palladium lost 0.3 percent to 1 percent, to record $ 238.36, but it is heading for a weekly gain of 1 percent.
And the rise in interest rates in general leads to a decline in the level of demand for buying the yellow metal, which does not yield a return.
These gold-related indicators come amid investors’ anticipation of the non-farm payrolls data in the United States of America for the month of June, to assess monetary policy moves.