💨 Abstract
Gold prices fell over 1% on Friday due to a strengthening dollar and a cautious Federal Reserve stance on interest rate cuts following U.S. inflation data. Gold has lost 3% for the week, its steepest weekly fall since November. The dollar's strength makes gold more expensive for overseas buyers, while higher interest rates decrease the appeal of non-yielding bullion.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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