Gold fell at the end of a volatile week’s trading, as investors assessed the path ahead for US rates and the implications of Donald Trump’s election victory.
Bullion declined by as much as 1% Friday, on track for its biggest weekly fall since May. The precious metal had gained Thursday, after the Fed cut rates by a quarter point, even as Chair Jerome Powell said he didn’t rule “out or in” a further cut in December, noting recent indicators suggested the economy was still expanding solidly.