Gold prices fell on Friday, on track for a third straight weekly decline. The drop stems from a firmer U.S. dollar and hawkish signals from the Federal Reserve.
Prices have declined more than 20 percent from their January closing high. An intraday peak of $5,586.20 per ounce was reached on January 29.
The metal has traded below its 200-day moving average for the first time since November 2023. The losses follow a strong advance that extended from 2025 into early 2026.
Federal Reserve projections point to a possible rate increase this year. Goldman Sachs has forecast gold reaching $4,900 by December.
