Gold prices fell in trading on Friday and are heading for their worst weekly performance in over a month, after the Federal Reserve eased its expectations for interest rate cuts, amid a temporary easing of concerns about an imminent American attack on Iran.
The spot gold price dropped by 0.6% to $3350 per ounce, as of 08:51 GMT, marking a decline of 2.4% for the week so far, and U.S. gold futures fell by 1.2% to $3366.
