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Gold rebounds on renewed Fed rate cut hopes; oil, nickel face weekly declines
After having spent most of the day in the red, gold prices rebounded due to renewed expectations of a December interest rate cut by the Federal Reserve. On the other hand, silver prices dipped nearly 2%, but hopes for a rate cut limited losses. Oil prices fell, and were set for a weekly decline as the US pushed for a peace deal between Russia and Ukraine. Meanwhile, base metals were mixed with copper and nickel largely flat, while aluminium and zinc fell. Gold experienced a rebound on Friday, partially offsetting its earlier intraday losses. This recovery was fueled by renewed expectations for a near-term interest ... (full story)
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- Nov 21, 2025 8:25pm Posted byFundamental Analysis191
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