Gold rises on dip-buying but heads for fourth weekly loss
Published on March 27, 2026.
Gold rose on Friday on bargain-buying but is on track for a fourth weekly loss due to the U.S.-Israel war with Iran, which stoked inflation concerns, boosted the dollar and increased expectations of higher interest rates. Spot gold rose 1.1% to $4,425.39 per ounce, but was set for a weekly loss of 1.4%. Brent crude oil prices rose to nearly $110 a barrel, despite the war's pause in attacks on Iran's energy plants. The Turkish Central Bank's gold reserves posted their largest weekly drop since August 2018 amid fallout from the Iran war. Despite this, traders have priced out any chance of U.
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