💨 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

Summarized by Einstein Beta 🤖