Day: November 12, 2024

Gold Falls to Key Trendline as Strong USD Weighs

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Gold (XAU/USD) has dropped to a seven-week low near $2,600, pressured by a stronger US Dollar driven by optimism around President-elect Trump’s economic policies, which are expected to boost inflation and influence Federal Reserve policy. With Trump’s pledges of tariffs, tax cuts, and stricter immigration, markets are pricing in a slower pace of Fed rate […]

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