Risk of higher US interest rates weighs on bullion as it raises the opportunity cost of holding gold
Market uncertainties that drive yellow metal replaced by rate concerns
After high of $1,300 in mid-January it has retreated to $1,168
Metal is up 4% this year on growth and deflation concerns
Chinese buyers, stung by last year’s price moves, remain sidelined
Prices rise 4.5% over the week to hit a peak of $1,373 a troy ounce
Oil prices also show increases
Bold investors bet on extremes amid widely diverse forecasts
Traders expect price to continue rising
Prospects dull investor appetite for metal
International Edition