💨 Abstract
Gold rose to a two-week high on Thursday due to safe-haven buying and positioning ahead of the Federal Reserve's rate outlook and President-elect Trump's trade tariffs. The metal's rise was influenced by geopolitical tensions, such as the recent drone strike on Kyiv and Israeli military actions in Gaza. Traders are also anticipating upcoming economic reports to gauge the interest-rate outlook for 2025.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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