The U.S. dollar was on track for its most significant weekly gain in over a month as market expectations shifted towards fewer interest rate cuts. This shift was influenced by the belief that President-elect Donald Trump’s policies could fuel inflation, giving the Federal Reserve less leeway to reduce rates.
Fed tightening bets weigh on gold prices
Gold prices have taken a hit, influenced by rising oil rates that have sparked inflation fears and suggested further interest rate hikes may be on