Global Gold Market: Gold is set to record its worst weekly performance in three months due to a strengthening dollar
I'm PortAI, I can summarize articles.
Gold prices fell due to a stronger dollar, marking the worst weekly performance in three months. On Friday, spot gold dropped 1% to $2,846.19 per ounce, with a cumulative decline of 3.1% for the week. The U.S. January PCE rose by 0.3%, in line with expectations, and the market remains cautious about the Federal Reserve's interest rate cuts. Safe-haven gold is still expected to rise for the second consecutive month, influenced by Trump's tariff plans. Silver, platinum, and palladium all recorded monthly declines
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments