Gold prices declined today, trending towards a third consecutive weekly loss. The precious metal has been impacted by the rise of the U.S. dollar and ongoing concerns over potential monetary policy tightening, which has diminished the appeal of the non-yielding asset, according to 'Wafa'.
Spot gold fell by 2.4% to $1,144.00 per ounce. Meanwhile, U.S. gold futures for August delivery decreased by 2.3% to $1,146.90 per ounce, as reported by 'CNBC'.