Gold set for third weekly loss as 'higher-for-longer' interest rate outlook weigh

Gold (XAU/USD) extends losses on Friday following a sharp two-day decline that pushed prices to their lowest level since early February, near the $4,500 mark. Gold remains under pressure, hovering near multi-week lows as higher global interest rate expectations weigh on demand.The metal is on track for a third straight weekly loss, despite ongoing geopolitical tensions in the… Gold (XAU/USD) extends losses on Friday following a sharp two-day decline that pushed prices to their lowest level since early February, near the $4,500 mark. Gold remains under pressure, hovering near multi-week lows as higher global interest rate expectations weigh on demand.The metal is on track for a third straight weekly loss, despite ongoing geopolitical tensions in the Middle East.Technically, XAU/USD tests support at the 100-day SMA as bearish pressure builds.Gold (XAU/USD) extends losses on Friday following a sharp two-day decline that pushed prices to their lowest level since early February, near the $4,500 mark.… For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment. Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline.