Title: With the Rise of the Dollar, Gold Loses Its Shine

Gold prices declined on Friday as the dollar strengthened, although ongoing economic concerns and the standoff over the U.S. debt ceiling limited the losses for the yellow metal. By 03:01 GMT, spot gold fell 0.3% to $2,010.29 per ounce, down 0.3% for the week. U.S. gold futures dropped 0.3% to $2,015.00. Brian Lan, managing director at Gold Silver Central, stated, "While investors are looking at the uncertainties surrounding the debt ceiling talks in the U.S. and expecting a temporary halt in U.S. interest rate hikes, there seems to be little profit-taking that is leading to lower prices." Gold rose on Thursday after data showed a surge in weekly unemployment claims in the U.S. and the slowest annual increase in producer prices last month in over two years. However, the yellow metal lost its shine with the rise of the dollar, making gold more expensive for overseas buyers.