đź’¨ Abstract
Gold traded little on Friday, set for its worst week in over three years due to a stronger US dollar and expectations of fewer Federal Reserve rate cuts. Gold hit a two-month low in the previous session, down 4% for the week. The US dollar's strength, caused by Donald Trump's election victory, makes gold more expensive for other currency holders. Gold's weakness reflects expectations of a more restrictive US monetary policy under Trump.
Courtesy: theprint.in
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