Gold heads for weekly drop as Gulf attacks reinforce rate-hike bets

Gold prices held steady early Friday as markets assessed inflation risks. Renewed rate-hike expectations are pushing the non-yielding metal toward a weekly decline. S. S.

U. military infrastructure in Gulf states faced attacks after U. strikes on Iran.

Markets now price in a higher chance of a September rate hike. Other precious metals also saw slight movements and are on track for weekly losses.