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Gold prices set for biggest monthly decline in over one year
Gold prices gained on Friday, supported by a weaker greenback and geopolitical woes, but were on course for their worst monthly performance since September 2023 due to a dollar rally this month following Donald Trump's U.S. election victory. Spot gold climbed 0.7% to $2,659.49 per ounce, as of 1201 GMT, but set for a weekly fall of about 2% after a sharp sell-off earlier this week. U.S. gold futures also gained 0.8% to $2,659.20. Bullion has declined 3% so far in November, its worst monthly performance since September 2023, as traders expect the prospect of higher tariffs under Trump administration to keep interest ... (full story)
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- Posted: Nov 29, 2024 10:00am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 182
