💨 Abstract

Gold prices dropped on Tuesday due to a stronger U.S. dollar and Treasury yields, caused by improving job market data and a potential slowdown in the Federal Reserve's rate-cutting cycle. The dollar index recovered from a one-week low following data showing a stable jobs market and robust services sector. job openings increased in November, while hiring slowed. Gold prices could be influenced by uncertainty surrounding tariff policies and the potential impact on U.S.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖