India, Feb. 21 -- Gold prices fell on Friday but were set for an eighth week of gains amid lingering concerns over U.S. President Donald Trump's tariff threats and rising inflationary risks.
If is feared that any big policy shift by the Trump administration could push up inflation and keep interest rates elevated for longer.
Spot gold dipped half a percent to $2,924.98 per ounce in European trade while U.S. gold futures were down 0.6 percent at $2,938.09.
Bullion has added nearly 1 percent so far this week and is set for its longest weekly winning streak since mid-2020.
The dollar nursed broad losses and was set for its third weekly drop in a row despite heightened uncertainty around trade and geopolitics.
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