CoinMeta data: Affected by the Federal Reserve's interest rate outlook, gold prices weakened on Friday, and this week's decline is expected to reach their largest level in over four months. Soaring oil prices and strong U.S. economic data have intensified market expectations that the Fed will maintain high interest rates for a longer period. High energy prices have increased the opportunity cost of holding unprofitable gold. Last week, the number of initial jobless claims in the U.S. dropped to its lowest level in nearly 57 years, indicating a modest rebound in employment growth in October. Market attention has shifted to the Fed's policy meeting scheduled for October 27-28, as well as the PCE data to be released next week, which is a key indicator closely watched by the Fed.