‎Gold heads for third straight weekly loss

‎<p><img src="https://argaamplus.s3.amazonaws.com/b2f07c83-93de-41f2-9037-4d7096d5b1b3.png" ></p> <p class="ckeCaption" >Precious metals traded mixed as investors awaited US inflation and consumer sentiment data.</p> <hr> <p >Gold prices were headed for a third consecutive weekly decline at the close of trading on Friday, as markets strengthened expectations for a Federal Reserve interest-rate hike, while awaiting the release of the US inflation report later in the day.</p> <p ></p> <p >Meanwhile, the dollar index, which tracks the US currency against a basket of six major currencies, was steady at 99.09 points.</p> <p ></p> <p >Markets are awaiting the release of US Consumer Price Index data, with monthly inflation expected to accelerate to 0.4% in August from 0.1% in July, alongside the preliminary reading of the University of Michigan Consumer Sentiment Index.</p> <p ></p> <table border="1" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr > <td colspan="4" > <p ><strong><span >Changes in Prices of Selected Precious Metals in Futures, Spot Markets</span></strong></p> </td> </tr> <tr > <td > <p ><strong><span >Metal</span></strong></p> </td> <td > <p align="center" ><strong><span >Price ($/ounce)</span></strong></p> </td> <td > <p align="center" ><strong><span >Change ($)</span></strong></p> </td> <td > <p align="center" ><strong><span >Change (%)</span></strong></p> </td> </tr> <tr > <td > <p ><strong><span >Gold (October delivery)</span></strong></p> </td> <td > <p align="center" ><span >4342.6</span></p> </td> <td > <p align="center" ><span >(31.1)</span></p> </td> <td > <p align="center" ><span >(0.70%)</span></p> </td> </tr> <tr > <td > <p ><strong><span >Gold (spot)</span></strong></p> </td> <td > <p align="center" ><span >4334.43</span></p> </td> <td > <p align="center" ><span >+16.24</span></p> </td> <td > <p align="center" ><span >0.40%</span></p> </td> </tr> <tr > <td > <p ><strong><span >Silver (December delivery)</span></strong></p> </td> <td > <p align="center" ><span >64.190</span></p> </td> <td > <p align="center" ><span >(0.732)</span></p> </td> <td > <p align="center" ><span >(1.15%)</span></p> </td> </tr> <tr > <td > <p ><strong><span >Silver (spot)</span></strong></p> </td> <td > <p align="center" ><span >63.691</span></p> </td> <td > <p align="center" ><span >+0.09</span></p> </td> <td > <p align="center" ><span >0.15%</span></p> </td> </tr> <tr > <td > <p ><strong><span >Platinum (spot)</span></strong></p> </td> <td > <p align="center" ><span >1786.23</span></p> </td> <td > <p align="center" ><span >+4.54</span></p> </td> <td > <p align="center" ><span >0.25%</span></p> </td> </tr> <tr > <td > <p ><strong><span >Palladium (spot)</span></strong></p> </td> <td > <p align="center" ><span >1293.66</span></p> </td> <td > <p align="center" ><span >+10.25</span></p> </td> <td > <p align="center" ><span >0.80%</span></p> </td> </tr> </tbody> </table> <p class="ckeCaption" ><em>As of 08:22 a.m. Makkah time.</em></p>

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Argaam - Main News · Trade Publication

Published

11th September 2026

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argaam.com

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