WORLD CAPITALS, 15th May, 2026 (WAM) — Gold fell to a more than one-week low on Friday and was set for a weekly decline as higher energy prices fuelled inflation fears and prolonged higher interest rates.
Spot gold extended losses for the fourth straight session and was down 0.8 percent at $4,613.19 per ounce by 0205 GMT, its lowest level since 6th May. Bullion was down 2.1 percent so far this week.
US gold futures for June delivery lost 1.4 percent to $4,619.
Spot silver fell 3.1 percent to $80.93 per ounce, platinum lost 1.7 percent to $2,021.75, and palladium was down 0.9 percent at $1,423.75.
Source: Emirates News Agency