Gold futures face downward pressure as the US Dollar gains strength, driven by expectations of higher interest rates under the newly-elected President Donald Trump. The Federal Reserve’s hawkish outlook and indications of prolonged higher rates have dampened gold’s appeal, causing it to hit a one-month low. Investors remain cautious, assessing the implications of the Fed’s stance and the upcoming presidential transition.
Original Source: Investing.com
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Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All investments, including precious metals, involve risk and may result in partial or total loss. No conclusion of any type or kind should be drawn regarding the future performance of investments offered or managed by us based upon the information presented herein. Performance information presented has been prepared internally (unless otherwise noted) and has not been audited or verified by a third party. Information on this page is based on information available to us as of the date of posting and we do not represent that it is accurate, complete or up to date. See our complete disclaimers for additional details.
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