Gold price consolidates above one-month low, not out of the woods yet
Gold price (XAU/USD), after recording its steepest weekly decline in over five months, fell over 2% on Monday and dived to its lowest level since October 10 amid strong follow-through US Dollar (USD) buying. Traders anticipate a cautious approach from the Federal Reserve (Fed) moving forward amid hopes that US President-elect Donald Trump’s politics will boost economic growth and inflation.
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