Gold price is falling down now that is the lowest price since 2020.
It was set for steep weekly losses as growing expectations of more sharp interest rate hikes by the Federal Reserve boosted the dollar and metal market decrease.
10-year Treasury yields flirted with 15-year highs, while the dollar index hovered near a 20-year peak on Friday.
Gold tumbled from highs hit during the onset of the Russia-Ukraine conflict, as a series of interest rate hikes by the Fed saw investors seek better yields in the dollar and sovereign debt.
With the Fed set to keep tightening policy, pressure on gold is widely expected to continue for the remainder of the year.