Gold set for weekly drop as oil price surge weighs on rate-cut hopes
See also: | Photo Credit: scanrail Gold prices rose on Friday, supported by a weaker dollar and softer U.S. Treasury yields, but were on track for a second consecutive weekly drop as rising energy prices dimmed prospects for near-term U.S. interest rate cuts. Spot gold was up 0.8% at $5,118.75 per ounce, as of 0234…
