Gold prices fell more than 1% on Friday as the US dollar regained momentum, capping a week that is set to end with the metal's first monthly rise since February.
The intraday pullback reflects a shift in market sentiment as investors adjusted their positioning following recent Federal Reserve commentary.
The dollar's resurgence added pressure to the non-yielding asset, reversing some of the gains seen earlier in the week.
The dollar's resurgence added pressure to the non-yielding asset, reversing some of the gains seen earlier in the week.
Despite the Friday decline, the broader monthly trend remains positive, driven by earlier buying interest that had pushed prices higher before the late-week correction.
Market participants are closely monitoring the trajectory of US interest rate expectations.
Recent data and central bank signals have led investors to pare back bets on further rate hikes later this year, a dynamic that has supported gold prices over the past month.