💨 Abstract

Gold prices decreased on Monday due to a strong U.S. dollar and reduced expectations of a large rate cut from the Federal Reserve in November. The U.S. dollar's strength made gold more expensive for non-dollar holders. However, analysts predict short-term potential for $2,700 and a long-term objective of $3,000 due to safe haven demand from geopolitical tensions and political uncertainty.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖