💨 Abstract
Gold dropped to an eight-week low on Thursday due to a stronger U.S. dollar and rising Treasury yields, amid uncertainty over the Federal Reserve's interest rate cuts pace. The dollar's advance made gold more expensive for foreign buyers, while higher yields diminished gold's appeal as a non-yielding asset. Fed officials have expressed caution about future rate cuts, citing potential risks to inflation. Investors are awaiting upcoming U.S.
Courtesy: theprint.in
Suggested
Greek firefighters battle wildfire on island of Crete
EU presses China on rare earths and Ukraine war
Israeli Likud party ministers urge Netanyahu to annex West Bank
Iranian nuclear program degraded by up to two years, Pentagon says
Case filed against electricity dept officials after farmer dies of electrocution
PM Modi conferred Ghana's national honour
Saudi Arabia, Indonesia sign several deals worth around $27 billion, state news agency says
Trump to host five African leaders next week, reports say
CIA review finds flaws but does not dispute finding Putin sought to sway 2016 vote to Trump
Bryan Kohberger pleads guilty to murdering four Idaho college students