Gold Caps Weekly Losses on Fed Bets and 5.2% Yields

Spot gold traded near $4,289.70 an ounce, up 0.38%, while silver reached $64.170, gaining 0.69%. Oil prices declined on hopes of U.S.-Iran diplomacy, yet rising Treasury yields at 5.2% and firm Fed rate-hike odds limited bullion’s rebound. U.S. equities rose, with the S&P 500 at 7,743.41 and Dow at 51,828.62.