Fed Internal Disagreements Grow; Gold Tugs Between 'Inflation Diffusion' and 'Energy Shock', Weekly Drop Exceeds 4%

English summary

Spot gold rose slightly on Friday to $3879.92/oz but fell 4.69% for the week, hitting a one-year low. The market is influenced by inflation concerns from rising oil prices and uncertainty over the Fed's policy path, with mixed bullish and bearish factors. Treasury Secretary Bessent argues for focusing on temporary energy shocks, while Chicago Fed President Goolsbee notes inflation has spread to services sectors, with their disagreement exacerbating gold price volatility.