Gold steadied after falling 1.8% on Thursday, with spot prices up 0.6% at $4,343.33 an ounce and futures down 0.5% at $4,384.09. The metal remains on track for a third consecutive weekly decline as markets price roughly a 70% chance of a Federal Reserve rate hike next week. IG analyst Tony Sycamore said gold remains below its 200-day moving average near $4,537 and could fall toward $4,200 unless it reclaims that level. TD Securities previously identified $4,367 and $4,300 as thresholds that could prompt increasing sales by Commodity Trading Advisors. Higher oil prices, faster growth in components feeding into the personal consumption expenditures price index and expected August U.S. consumer-price growth of 0.4% month over month have reinforced concerns about tighter policy. Longer-term support remains tied to dollar depreciation, central-bank purchases and gold ETF inflows, with TD Securities forecasting $5,350 an ounce in the third quarter of 2027.