Gold is facing its worst week since January. The dollar gets part of the blame.

Gold is experiencing its steepest weekly decline since January, primarily attributed to a strengthening U.S. dollar. This indicates that investors are shifting away from safe-haven assets like gold, likely due to increased confidence in the broader economy or anticipation of tighter monetary policy. The dollar's rise makes gold more expensive for international buyers, further dampening demand. Investors should watch for continued dollar strength or any shifts in inflation expectations that could impact gold's appeal.