Wall Street Questions Gold's Near-Term Resilience While Main Street Holds Bullish Minority View as Central Banks Step Up

Gold prices posted a steep weekly decline driven by surging oil costs, persistent inflation worries and expectations of further Fed tightening. The metal opened the week near 4164.69 dollars, briefly reached 4190.17 before sellers prevailed, pushing it below 4000 dollars to a low of 3975.10.