Gold prices fell during today's trading (Friday), as Brent crude surpassed $100 per barrel, raising concerns about worsening inflationary pressures and strengthening market bets on a U.S. interest rate hike this year.

Investors are looking ahead to next week's Federal Reserve meeting, amid expectations that interest rates will remain unchanged, while markets are pricing in an 81% chance of a hike in September, according to the CME FedWatch Tool.

The dollar index - which measures the performance of the U.S. currency against a basket of 6 major currencies - remained stable at 101.41 points, but is on track to record weekly gains of 0.64%.

Gold for August delivery fell to $4,029, down $21.2 or 0.52%, while spot gold dropped to $4,025, a decrease of 0.53%.

Gold prices fell during today's trading (Friday), as Brent crude surpassed $100 per barrel, raising concerns about worsening inflationary pressures and strengthening market bets on a U.S. interest rate hike this year.

Investors are looking ahead to next week's Federal Reserve meeting, amid expectations that interest rates will remain unchanged, while markets are pricing in an 81% chance of a hike in September, according to the CME FedWatch Tool.

The dollar index - which measures the performance of the U.S. currency against a basket of 6 major currencies - remained stable at 101.41 points, but is on track to record weekly gains of 0.64%.

Gold for August delivery fell to $4,029, down $21.2 or 0.52%, while spot gold dropped to $4,025, a decrease of 0.53%.