Gold Set for Biggest Monthly Fall in 14 Months

24.12.02

Gold prices rose on Friday due to a weaker dollar and geopolitical tensions, but are still set for their largest monthly decline since September 2023. The 3% drop in November is attributed to Donald Trump’s election victory, which sparked a dollar rally and expectations of higher interest rates. Despite Friday’s gains, gold remains on track for a 2% weekly fall, with investors now eyeing upcoming U.S. economic data for clues on future Fed rate decisions.

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