Gold consolidates below $5,200 as traders weigh geopolitics, Fed rate outlook

Gold (XAU/USD) consolidates with mild losses on Friday, as momentum stalls within this week’s established range. The metal is showing little directional conviction, with traders balancing lingering geopolitical tensions against shifting expectations for the Federal Reserve’s (Fed) monetary policy path.

At the time of writing, XAU/USD is trading around $5,177, as bears continue to defend the $5,200 handle. Despite Friday’s slight retreat, Gold looks set to post a fourth consecutive week of gains.