Gold fell on Friday and was headed for its second straight weekly loss, pulled lower by rising oil prices that kept inflation concerns in focus and increased bets for a U.S. interest rate hike.
Spot gold was down 0.6% at $4,515.83 per ounce, by 1:00 p.m. EDT (1700 GMT), after falling 1% earlier in the session. It was down 0.4% for the week. U.S. gold futures for June delivery settled 0.4% lower at $4,523.20.
