Plagued by a stronger US dollar and Treasury yields after optimistic remarks by Federal Reserve Chairman Jerome Powell, the gold price is on track for a second full week ; downward trend

U.S. gold futures fell 0.3% to $1,964.50. After reaching its lowest level since Oct. 18 on Thursday, spot gold was little changed at $1,959.74 per ounce at 0351 GMT on Friday. Down 1.6% since the start of the week, it was also ready for its worst week in more than a month

For Hugo Pascal, precious metals trader at InProved, “gold has consolidated below 2,000 dollars since the beginning of November, after getting ahead of the curve... However, I remain bullish for the end of the year as long as it stays above $1,900.”

Silver increased by 0.4% to $22.72. On the other hand, when it comes to other precious metals, platinum fell by 0.2% to $857.61 and was heading for its worst weekly performance since the week ended June 18, 2021. Palladium slipped 1.3% to $979.43 per ounce, reaching its lowest levels since 2018 and preparing for its worst week in 11 months.