GOLD: Intraday Analysis & Setup update

Gold prices rose on Friday but were on track for their worst week in six, as the dollar and bond yields firmed after U.S. central bankers pushed back against expectations of early interest rate cuts.

Bullion was pressured as traders adjusted their rate-cut expectations following better than expected data and hawkish Fed speakers. This also offset safe-haven premium from geopolitical risks in the Middle east.

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