Wall Street Regains Bullish Stance on Gold Ahead of Fed, Main Street Holds Slim Majority Despite Weekly Drop

Gold prices endured a volatile week, opening at $4,422.50 per ounce and hitting a high of $4,442.98 before declining amid surging oil prices, Treasury yields, and rising odds of a Federal Reserve rate hike. The metal fell to a weekly low of $4,292.11 before partial recovery.