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Gold headed for a second straight weekly loss after the Federal Reserve moved closer to reining in its massive stimulus.

Gold rose the most in three months as the dollar fell after data showed U.S. inflation moderated, easing fears that the Federal Reserve may soon pare back stimulus.

Spot gold headed for a fourth straight decline as the dollar strengthened and a Federal Reserve official said the central bank should move to trim its asset purchases.

Gold’s swift drop to the lowest since March has highlighted a tough truth for the precious metal — there’s a growing list of reasons to be gloomy. While Monday’s flash crash was exaggerated by a combination of technical factors and poor liquidity, the initial trigger remains true — strong U.S. jobs data showed the world’s largest economy is well on its way to recovery.

Bullion dropped more than 4% and silver slumped 7% after Friday’s employment figures. Precious metals tumbled after a stronger- than-expected U.S. jobs report fueled bets that the Federal Reserve may start paring back its massive monetary stimulus

Gold headed for a weekly drop as investors awaited a key U.S. jobs report for clues on the Federal Reserve’s monetary policy path, and monitored the impact of the delta virus variant on economic activity

Gold was steady as investors weighed hawkish comments from Federal Reserve Vice Chairman Richard Clarida ahead of a key U.S. jobs report

The gold market appears to be stuck. Bullion futures are trading in a narrowing range, with the difference between daily high and low prices shrinking on Tuesday to the least since late 2019

Gold’s been languishing around $1,800 anounce for the last few weeks, and barely budged when U.S. 10- year real yields — which account for inflation — fell to a record last week.

Fed Chair Powell said the U.S. economy is still a good deal away from making “substantial further progress” toward the Fed’s dual mandates of stable prices and maximum employment. This was an especially bullish assessment