Gold prices stayed mostly flat on Friday, but they’re still heading toward a weekly drop.
The metal was priced at $4,622.41 per ounce in spot trading early in the day. That comes after a strong jump of more than 2% in the previous session.
Even with that bounce, gold is still down about 1.8% for the week.
What’s behind this? Rising oil prices are pushing up inflation worries. At the same time, there’s growing uncertainty about where interest rates are headed next. Those mixed signals are keeping gold from making a clear move.
