💨 Abstract

Gold prices remained steady on Friday, poised for a small weekly gain, as geopolitical tensions persisted. However, the metal's progress was impeded by a stronger dollar, following Donald Trump's presidential win and the Federal Reserve's suggestion of fewer rate reductions in 2025. Gold prices have surged nearly 28% this year, but higher interest rates decrease its appeal as a non-yielding asset.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖