Gold prices are experiencing a significant weekly decline, marked by a drop exceeding 3.5%, as the persistent surge in energy prices intensifies global concerns over escalating inflation. This inflationary pressure, directly linked to the rising cost of energy, is fueling expectations that central banks will accelerate interest-rate hikes to curb price increases, thereby diminishing the appeal of gold as a safe-haven asset and driving its price lower.
Adapted from: WSJ.com: Markets
