Gold prices set for second straight weekly fall

Quick Summary:

GOLD prices fell on Friday and were headed for a second straight weekly fall as traders assessed the impact of Donald Trump's presidency and its implications for U.S.interest rates.

"The gold market was waiting for a trigger to prompt some liquidation.

Chair Jerome Powell said the presidential election results would have no "near-term" impact on monetary policy.

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Category: EconomyBusiness

Markets: MalaysiaThailand

Topics: /Business/Business News Gold Commodities Interest rates Donald Trump

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 16:20:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 374 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © The Star

News ID: 23468792

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

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Year Established: 1971

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News Last Updated: 41 minutes ago

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