Gold is on track for a weekly loss as traders reduce expectations for a Federal Reserve rate cut due to rising inflation.

Editor’s Note: This matters because fluctuations in gold prices can impact investors and the economy. A rise in inflation often leads to changes in monetary policy, which can affect various markets.

Bolivia's central bank has raised over $3 billion by purchasing local gold and selling it for dollars, helping to sustain public finances.

Editor’s Note: This development is significant as it showcases how Bolivia is leveraging its natural resources to strengthen its economy and maintain financial stability.