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The Economic Times
The Economic Times

Gold heads for second weekly loss on rate rise expectations

Gold headed for a second straight weekly loss on Friday as expectations of higher interest rates weighed on the non-yielding metal ahead of next week's U.S. Federal Reserve meeting.

Spot gold was up 0.3% at $4,227.17 per ounce as of 2:15 p.m. ET (1815 GMT), and was down 2.3% for the week.

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