Gold Set For Weekly Drop As Oil Price Surge Weighs On Rate-Cut Hopes

Gold prices were on track for a second consecutive weekly drop, despite rising on Friday, as surging energy prices dimmed prospects for near-term U.S. interest rate cuts.Spot gold was up 0.7% at $5,112.82 per ounce, as of 0411 GMT on Friday. U.S. gold futures for April delivery f

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