Federal Reserve tightening looks likely to remain a strong headwind for gold in the coming week after the precious metal tumbled on Friday to mark the lowest settlement since December, well below the psychologically important $1,300 level.

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Gold prices fell on Friday as the dollar strengthened. Gold futures for August delivery on the Comex division of the New York Mercantile Exchange were down $3.6, or 0.28%, to $1,304.70 a troy ounce by 1:15 PM ET (05:15 AM GMT). There was some support in

Gold Prices Slip Ahead of Fed Policy Decision Gold prices slipped on Wednesday morning trade in Asia ahead of a meeting of the U.S. Federal Reserve and as investors look for clues on future interest rate hikes this year. Gold futures for August delivery