Sturdy dollar, looming rate hikes push gold to worst week in 2 months

Spot gold was 0.2% lower at $1,660.96 per ounce by 9:56 a.m. ET (1356 GMT), having earlier touched its lowest since April 2020 at $1653.10, and down about 3% so far this week. U.S. gold futures fell 0.4% to $1,670.40.