Gold flat, set for second weekly fall on bigger rate-hike fears

Gold prices have dropped about 0.9% this week. * The U.S. Federal Reserve's commitment to reining in 40-year-high inflation is "unconditional," its chair Jerome Powell told lawmakers on Thursday, even as he acknowledged that sharply higher interest rates may push up unemployment.

Gold flat, set for second weekly fall on bigger rate-hike fears
Gold prices have dropped about 0.9% this week. * The U.S. Federal Reserve's commitment to reining in 40-year-high inflation is "unconditional," its chair Jerome Powell told lawmakers on Thursday, even as he acknowledged that sharply higher interest rates may push up unemployment.