💨 Abstract

Gold prices increased more than 1% on Thursday due to a weakening U.S. dollar and the Federal Reserve's quarter-point interest rate cut. The Fed noted a generally easing job market. Gold traders expect another rate cut in December. Trump's return to power may make future rate reductions challenging due to inflation concerns. Other precious metals also saw gains.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖