💨 Abstract

Gold prices rose slightly on Thursday but stayed near a three-week low, awaiting the U.S. Federal Reserve's anticipated interest rate cut. The dollar weakened following Donald Trump's U.S. presidential election win, which could lead to higher inflation. However, the potential prolonged maintenance of elevated interest rates due to the new administration's trade policies may put pressure on gold, as higher interest rates reduce the appeal of non-yielding bullion.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖