Rising yields combined with sticky inflation are expected to push gold prices to a weekly loss.

Gold is likely to end the week lower as high energy prices and inflation concerns push up bond yields, with markets expecting the Federal Reserve to raise interest rates further. In recent weeks, energy costs and expectations of further Fed rate hikes have dominated gold price movements; rising borrowing costs are typically bearish for gold. In September, gold traded in a narrow range around $4,300 per ounce as traders continued to reassess the Fed's policy outlook.