💨 Abstract

Gold prices are set for their biggest weekly decline in over three years due to expectations of less aggressive interest rate cuts by the U.S. Federal Reserve, which strengthened the dollar and reduced gold's appeal among investors. Spot gold fell more than 4% this week, with prices reaching their lowest since September 12 on Thursday. gold futures also remained flat. The dollar gained significantly this week, making gold more expensive for other currency holders, while U.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖