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Gold set for weekly fall as US rate cut hopes ebb

Gold set for weekly fall as US rate cut hopes ebb

Jan 19 (Reuters) - Gold drifted higher on Friday, buoyed by a weaker U.S. dollar but was set to log its biggest weekly decline in six after the Federal Reserve countered market expectations of an early interest rate cut.
 
Spot gold rose 0.5% to $2,032.90 per ounce by 1231 GMT but was down 0.8% so far in the week. U.S. gold futures rose 0.7% to $2,035.80...[LINK]
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