Gold prices fell sharply on Friday amid concerns about interest rates after hawkish comments from top officials from Federal Reserve, European Central Bank and the Bank of England.
The dollar rebounded in the New York session, hurting the yellow metal.
The dollar index, which dropped to 105.74, rallied to 106.01 and despite a couple of retreats, firmed again before turning weak again.
Gold futures for December ended lower by $32.10 or about 1.6% at $1,937.70 an ounce. Gold futures shed 3.1% in the week, the first weekly loss in more than a month.
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Market Analysis
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.