Gold prices rose on Friday to trade just shy of a 6-week high reached earlier this week as expectations that the Federal Reserve might be nearing the end of...
Gold prices rose on Friday to trade just shy of a 6-week high reached earlier this week as expectations that the Federal Reserve might be nearing the end of its interest rate-hiking cycle weighed on the U.S. dollar.
“There... Gold prices rose on Friday to trade just shy of a 6-week high reached earlier this week as expectations that the Federal Reserve might be nearing the end of its interest rate-hiking cycle weighed on the U.S. dollar. “There is growing speculation that the Fed will repeat next week what the ECB has done this week – raise as expected, then pause. The expectations that the Fed is nearing the end of its tightening cycle have battered the US dollar,” said Raffi Boyadjian, lead investment analyst at XM.
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