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Gold heads for second weekly loss as early rate cut bets cool

Gold heads for second weekly loss as early rate cut bets cool

Feb 16 (Reuters) - Gold held steady on Friday but was on track for a second consecutive weekly fall as traders lowered expectations of rapid U.S. rate cuts, while markets sought more data for further clarity on the Federal Reserve's next move.
 
Spot gold rose 0.1% to $2,006.98 per ounce, as of 1248 GMT, and has lost nearly 1% for the week so far. U.S. gold futures gained 0.2% at $2,019.00 per ounce...[LINK]
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