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Gold snaps nine-week rally with weekly loss as dollar steadies
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Gold posted its first weekly drop in ten, with profit-taking and a steadier dollar pressuring prices after a powerful multi-week rally.
Bullion prices eased, ending a nine-week winning run as the dollar steadied and investors booked profits. Spot metal finished lower for the week after surging during the festival period, with silver also retreating. The moderation follows heavy central-bank buying and safe-haven interest earlier in the quarter. Traders are watching whether real-rate expectations and positioning shifts trigger further consolidation. Retail buyers in India face lower local quotes than last week’s peaks across 24K, 22K and 18K benchmarks.