Analysts: Growing market concerns about the Fed's interest rate cut path will likely lead to a weekly decline in gold prices.

Gold futures in New York fell below $5,100 per ounce on Friday, setting the stage for a weekly decline. A stronger dollar, rising oil prices, and uncertainty surrounding Federal Reserve policy weighed on gold prices. ANZ analysts stated, "The dollar strengthened due to its safe-haven status, particularly as rising oil prices benefited the US, a net energy exporter. Growing concerns about the Fed's interest rate path and rising oil prices have increased the likelihood of renewed inflationary pressures." (Jinshi)