Gold prices experience volatile swings amid inflation concerns and upcoming Fed announcements.
TL;DR Summary
Gold prices experienced a significant drop on Friday, losing all weekly gains, due to positive economic news and hawkish Federal Reserve speak. The hawkish sentiment could quickly dissipate with more macro data. Technicals have played a big role in the gold's selloff Friday, with lots of profit-taking flooding the market. Attention will be on bank earnings next week, including Goldman Sachs and Bank of America.
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