HomeMarket NewsGold Gains Momentum as Oil Market Anticipates OPEC+ Meeting Outcomes

Gold Gains Momentum as Oil Market Anticipates OPEC+ Meeting Outcomes

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Gold is forging ahead with a second consecutive monthly gain (+3.4%), signaling a potential end to the U.S. Federal Reserve’s restrictive interest rate track. The climbing momentum has ignited hope for a silver lining, keeping a check on the dollar and yields. Bullion surged to a seven-month high this week, as optimism swirled around potential rate cuts in 2024.

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