Gold Faces Steady Decline Amid USD Strength and Fed Expectations
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Gold closed the week with relatively stable movements, trading around $2,563 with a slight recovery, though the overall trend remains bearish. Despite minimal changes in price, gold stayed near its two-month low as the U.S. dollar continued its strong rally.
The robust performance of the dollar and reduced expectations of aggressive rate cuts by the Federal Reserve have pressured gold, leading to its worst weekly performance in over three years. The precious metal struggled to gain traction amidst these headwinds.
Looking ahead, the gold market could face further challenges. President-elect Donald Trump's proposed tariffs may drive inflation higher, potentially slowing down the Fed's rate-cutting cycle. Rising interest rates make gold less attractive as investors turn to higher-yielding assets, leaving the metal at a disadvantage.
The robust performance of the dollar and reduced expectations of aggressive rate cuts by the Federal Reserve have pressured gold, leading to its worst weekly performance in over three years. The precious metal struggled to gain traction amidst these headwinds.
Looking ahead, the gold market could face further challenges. President-elect Donald Trump's proposed tariffs may drive inflation higher, potentially slowing down the Fed's rate-cutting cycle. Rising interest rates make gold less attractive as investors turn to higher-yielding assets, leaving the metal at a disadvantage.
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