Penalized by a stronger US dollar, while the US Federal Reserve is expected to cut interest rates, gold was little changed on Friday, but is about to experience its worst week in over three years.

Spot gold rose 0.1% to $2,569.69 per ounce at 0308 GMT after a five-session drop. It is down by more than 4% since the start of the week. US gold futures were up 0.1% to $2,574.50. The bullion hit its lowest level in two months during the previous session and has lost more than $220 since the record high reached last month. According to Fawad Razaqzada, market analyst at Forex.com, the weakness in gold reflects expectations of a more restrictive US monetary policy in 2025

Spot silver rose 0.2% to $30.52 per ounce, platinum rose 0.1% to $940.68, and palladium added 0.5% to $946.00. These three metals were in the process of experiencing weekly declines