Gold rises on dip-buying but heads for fourth weekly loss - Reuters
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Gold prices rose on dip-buying but are heading for a fourth consecutive weekly loss.
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Gold prices climbed on bargain-hunting by investors, but the metal is still on track for its fourth consecutive weekly decline. The gains represent a recovery from earlier losses this week but have not been enough to overcome broader selling pressure. Gold's weakness reflects stronger U.S. dollar movements and rising Treasury yields, which make dollar-denominated commodities less attractive to international buyers. The dip-buying activity shows some investors view current price levels as attractive entry points, though the sustained weekly losses suggest headwinds remain in place. The direction of U.S. monetary policy and inflation expectations will likely drive gold's near-term trading.
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