Weekly Gold Review: COMEX futures break under $2600 mark
Gold tested around 2-month low as the yellow metal stays pressured by dollar strength overseas. Rising uncertainty surrounding the Federal Reserve's (Fed) pace of interest rate reductions and expectations that higher inflation will continue next year due to Donald Trump's policies have led to fewer expected rate cuts, weighing on the yellow metal. However, escalating tensions in the Middle East and the ongoing conflict between Ukraine and Russia could support the Gold price as a traditional safe-haven asset. The commodity fell under $2600 per ounce mark in the week gone by.
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