Reported 17 days ago
Gold prices declined as investors reacted to the outlook for US interest rates and the economic plans following Donald Trump's election victory. After a volatile week, gold fell by 0.5% after previously rising 1.8%, with analysts now anticipating fewer rate cuts by the Federal Reserve due to potential inflationary pressures from Trump's policies. Despite recent gains, gold is set for its largest weekly drop since May.
Source: YAHOO