Gold hits over 3-week low as dollar gains on Trump win; Fed verdict looms

Quick Summary:

GOLD prices touched their lowest levels in more than three weeks on Thursday, as the dollar strengthened after Donald Trump's win in the U.S.presidential election, while focus shifted to the Federal Reserve for its decision on interest rates.

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Bullion hit a record high of $2,790.15 last week and has lost more than $130 since then.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: Election Donald Trump Commodities Federal Reserve /Business/Business News Interest rates Gold US dollar

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 14:48:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 373 words

Reading Time: 3 minutes read

Sentences: 13 lines

Sentence Length: 29 words per sentence (average)

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Copyright Owner: © The Star

News ID: 23458113

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Main Topics: EconomyBusiness

Official Website: thestar.com.my

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