Boston Fed President Susan Collins said it was too soon to say whether the Fed should cut interest rates next month. “It’s not a done deal.”

Gold prices on Friday were on track for their biggest weekly decline in over three years as expectations of less aggressive interest rate cuts by the U.S. Federal Reserve lifted the dollar, denting allure for bullion among investors.

U.S. stocks suffered their worst loss since election day as the boost from Donald Trump's victory and a Federal Reserve interest rate cut kept fading.

U.S. stocks are falling again Friday as their big rally following last week’s presidential election and cut to interest rates continues to fade. The S&P 500 was 0.7% lower in early trading. The Dow Jones Industrial Average was down 141 points,