US Dollar Finishes Lower and Gold Rallies on Fed Rate Cut Expectations | Metals Mine

  • US Dollar Finishes Lower and Gold Rallies on Fed Rate Cut Expectations

    From barchart.com

    The dollar index (DXY00) on Friday fell to a 1.5-week low and finished down by -0.08%. The dollar gave up early gains last Friday and moved lower on increased chances that the Fed will cut interest rates at next month’s FOMC meeting. Swaps markets now discount an 83% chance of a Fed rate cut next month, up from 30% last week, weighing on the dollar. Strength in stocks on Friday also limited liquidity demand for the dollar. The dollar is also under pressure after Bloomberg reported on Tuesday that Kevin Hassett is at the top of the list of potential candidates to succeed Jerome Powell as US Fed Chair. Hassett’s ... (full story)

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charlballah
Nov 28, 2025 6:50pm
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I am a new Trader with lots to learn.
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Abdulrasool
Nov 29, 2025 12:40am
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Tell me it's gone buy or sell
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Doncuan
Nov 29, 2025 6:15am
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after cme cyrus one down, investors continue to go long positions till Fed talks about cut rate. here we go again. prepare to sell on 12-13 dec
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Gpsigwe
Nov 29, 2025 6:15pm
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I'm here to learn how to understand economic announcements
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Trader#094B
Nov 29, 2025 3:22am
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if rate cut occurs gold will rally higher
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