Gold drops 2% to $3944 as inflation, rate-hike bets weigh

Gold fell 2% to $3944/oz on Friday, extending its decline as rising oil prices and persistent US inflation fuel expectations of higher-for-longer interest rates. The move reflects a continued shift away from the metal as real yields and the dollar firm, though the exact trigger for the 2% drop is not specified.

AI disclosure: Model-written summary of the source, not a verified fact. Check the sources. How Mosaic works