Gold looks likely to remain vulnerable amid worries over higher U.S. interest rates boosting Treasury yields, after the yellow metal registered a second weekly decline last week, ending close to its lowest levels since December.

Gold futures for August delivery tacked on 60 cents to settle at $1,271.10 on the Comex division of the New York Mercantile Exchange late Friday. For the week, prices were down 0.56%. Its close on Thursday at $1,267.20 was the lowest since December.

Prices of the precious metal have been pressured lower against a backdrop of rising U.S. interest rates and a stronger dollar.

Expectations for higher rates tend to be bearish for gold, which struggles to compete with yield-bearing assets when rates rise, while a stronger U.S. currency makes gold and other dollar-denominated commodities more expensive for foreign investors.

The precious metal has largely shrugged off concerns over a potential trade war between the U.S. and China that normally would bolster safe haven demand for gold.

U.S. inflation data will be in focus this week with the Federal Reserve having already flagged four interest rate hikes this year. The Fed’s preferred inflation measure; the core PCE price index is due on Friday.

The third reading on first quarter U.S. GDP is due the day before and there will also be data on durable goods orders and consumer sentiment.