Gold is heading for a weekly loss

Gold prices fell, heading for a weekly loss, following signals from Federal Reserve officials (the US central bank) to wait for more measures to raise interest rates, as the bank seeks to reduce inflation.

Gold fell in spot trading 0.4 percent to 1753.95 dollars, and is expected to record a weekly loss of 0.9 percent, the largest since mid-October.

US gold futures also lost 0.4 percent, to $1,756.70.



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