Gold sees worst weekly price action in three years – Is it losing its shine
Fri, Nov 15, 2024 11:25 AM

Gold sees worst weekly price action in three years – Is it losing its shine

A Flip by Avya Verma
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Gold prices saw a 4% decline on November 15, its worst week in three years, driven by a strong US dollar and Federal Reserve comments hinting at a pause in rate cuts due to higher-than-expected inflation data. Spot gold rose 0.1% to $2,569.69 per ounce, but investors are seeking alternatives to safe-haven assets.

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