Gold prices slipped on Friday as a rebound in oil prices revived inflation concerns and reinforced expectations that the Federal Reserve could keep interest rates higher for longer. Spot gold fell 0.6% to $4,063.39 an ounce, while December U.S. gold futures declined 1% to $4,072.90; bullion remained up 4% for the week. Investors were awaiting the U.S. nonfarm payrolls report, due at 1330 GMT, and remarks from Fed Vice Chair Michelle Bowman. Traders priced a 68% chance of a December rate increase, according to CME's FedWatch tool, after two Fed officials supported modest, steady increases to address above-target inflation. Goldman Sachs lowered its end-2026 gold forecast to $4,150 an ounce from $4,650, citing the Federal Reserve's more hawkish stance. Silver and platinum also headed for weekly gains, while palladium edged lower. Gold's recent advance has also been supported by weaker Treasury yields, a softer dollar and continued central-bank buying, although equity-market liquidations and reduced government borrowing could temper demand.