Gold prices declined on Friday as rising crude oil prices and expectations of higher interest rates weighed on the market. U.S. Treasury yields climbed to their highest levels since January 2025. Traders now see an 81 percent chance of a rate increase in September.
Gold prices edged lower on Friday amid concerns over inflation and the prospect of Federal Reserve rate hikes. The move came as Brent crude oil topped $100 a barrel, boosting expectations for tighter monetary policy.
U.S. Treasury yields reached their highest levels since January 2025. Market participants priced in an 81 percent probability of a September rate increase.
Other precious metals followed gold lower. Silver, platinum and palladium all recorded declines during the session.
