Gold rises 0.83% Friday to $4,377.73/oz, up 0.68% on the week

Gold's weekly gain looks less like conviction than recovery: the metal is still working back from the Fed-driven drop that followed a hike, a dot plot pointing to another increase, and Chair Warsh's press conference. That the rebound held into Friday's close, with silver outpacing gold, hints the hawkish repricing may already be largely absorbed rather than still building. The open question is whether the dot plot's projected additional increase gets validated by incoming data, or whether the metals keep grinding higher as that signal fades.