Gold prices experienced a third consecutive week of decline, driven by a strengthening US dollar and signals of potential interest rate hikes by the Federal Reserve. The precious metal, often considered a safe-haven investment, faced downward pressure as the dollar gained strength in global markets. The Federal Reserve’s indications of stricter monetary policy further contributed to the price decrease. According to Reuters, spot gold prices were down as of 02:11 GMT. This trend reflects investor reactions to economic conditions and expectations surrounding future interest rate adjustments. The decline signals shifting sentiment in the market regarding gold’s role as a hedge against economic uncertainty.