Gold maintains shallow recovery on Fed rate-cut bets

November 28, 2024

Bloomberg • Gold continues to snake higher on Thursday as markets price in higher probabilities of the Fed cutting interest rates in December. • A softening of Trump’s rhetoric on tariffs is a possible factor in the falling interest rate expectations. • XAU/USD is technically crawling up a major trendline but remains vulnerable to further breakdowns.

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Gold maintains shallow recovery on Fed rate-cut bets

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