Gold slumps to 2-month low as dollar marches on; Fed signals in focus

By CNBC   |   2 years ago
Gold slumps to 2-month low as dollar marches on; Fed signals in focus

Gold prices fell to a two-month low due to a strong dollar, but traders remain hopeful for a rate cut. Fed is expected to cut rates in December despite stalled inflation progress. Market sees gold as less of an inflation hedge amidst Trump's policies.

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