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Gold Price Heads for Third Weekly Loss as Hawkish Fed and Strong Dollar Weigh

NEW YORK, June 19, 2026, 14:03 EDT Gold extended its retreat on Friday, heading for a third weekly loss after the Fed’s tougher inflation stance lifted the dollar and rate-hike bets. Spot gold was down 0.9% at $4,169.44 an ounce by 1306 GMT, after touching $4,119.78, while U.S. futures fell 1.4% to $4,186.50. Silver, platinum and palladium also headed for weekly declines. “Higher-for-longer Fed expectations are toxic for non-yielding assets,” said Nikos Tzabouras, senior market analyst at Tradu.com. (Reuters) The reversal matters because two pillars of the recent gold trade have weakened at the same time. The interim U.S.-Iran agreement

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