India, June 19 -- Gold prices fell sharply on Friday and were on track for a third weekly loss amid expectations that central banks including the Federal Reserve will raise interest rates to curb inflation.
A stronger dollar due to uncertainty over the U.S.-Iran peace deal also dented safe-haven demand for bullion.
Spot gold fell a little over 1 percent to $4,164.49 an ounce, heading for a third consecutive weekly decline. U.S. gold futures were down 1.5 percent at $4,181.50.
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