Gold slips as upbeat US data boosts dollar, dims rate-cut bets

NEW YORK, 16th January, 2026 (WAM) -- Gold extended its losses on Friday after stronger-than-expected US economic data reduced expectations of near-term Federal Reserve rate cuts, while easing geopolitical tensions shrunk demand for safe-haven bullion.

Spot gold eased 0.2 percent to $4,604.29 per ounce by 0733 GMT. However, the metal is poised for a weekly gain of about 2 percent after scaling a record peak of $4