Gold set for biggest weekly fall in 3 years as Fed rate-cut bets ease
Gold prices on Friday were on track for their biggest weekly decline in over three years as expectations of less aggressive interest rate cuts by the U.S. Federal Reserve lifted the dollar, denting allure for bullion among investors.
Gold Futures Stable But Set for Biggest Weekly Decline Since 2021
Gold futures were flat, but down nearly 5% on week, reflecting a surge in risk appetite after the Republican win in the U.S. elections, ActivTrades said.
Gold Prices Today: Yellow metal set for biggest weekly drop in 3 years after Powell urges caution on rate cuts
Spot gold rose 0.2% to $2,571.99 per ounce as of 10:00 a.m. ET (1500 GMT). Prices have fallen more than 4% so far this week, touching their lowest since Sept. 12 on Thursday.
Gold set for worst week in 3 years as US dollar rallies
Gold prices steadied near the previous session's two-month lows on Friday and were poised for their worst weekly performance in over three years as a rallying U.S. dollar and expectations of less aggressive interest rate cuts by the Federal Reserve pressured the precious metal.
Commodity Roundup: Gold faces big weekly fall, UBS cuts Brent forecast to $80 in 2025
Crude oil futures fell on Friday, on their way to a weekly loss, as investors remain worried over a global surplus, while gold prices faced their biggest weekly decline in months. Gold was up +0.13% to $2,
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