Gold Holds Near Two-Month Low as Powell Flags Rate-Cut Restraint

By Yahoo! Finance | Nov 14, 2024 at 07:34 PM EST

Gold remains near a two-month low due to a strong dollar and reduced expectations for a Fed rate cut. Powell's comments on the US economy impacted traders' forecasts. Despite recent losses, gold has seen a 20% increase this year, supported by various factors like monetary easing and geopolitical risks.

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