Gold News – 12.Nov.2024
Gold News
Gold Prices Decline: Gold fell to $2,590 per ounce, its lowest in a month, driven by a stronger US dollar and reduced demand for safe-haven assets.
Shift to Risk Assets: Investors are moving toward risk assets, assessing Trump’s election impact on fiscal strategies and monetary policy.
Inflation Expectations Rise: Potential tariffs under Trump may spur inflation, raising expectations of a Federal Reserve delay in easing its monetary policy next year.
Rate Cut Probability Falls: Chances of a December rate cut have dropped from 80% last week to 65%.
Indian Gold ETF Growth: Indian gold ETFs’ holdings have doubled in four years, hitting a record 54.5 tonnes as of October 31st.
Author : Arman Shaban
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