Gold prices set for 2nd weekly loss as Fed caution, trade optimism weigh By Investing.com
Update: 2025-10-31
Description
Gold prices fell in Asian markets, marking its second weekly loss, as the Federal Reserve's cautious stance on future interest rate cuts and positive trade news between the U.S. and China dampened investor demand for the safe-haven asset. Despite the dip, analysts believe gold may rebound due to ongoing global market uncertainty and central banks' interest in gold as a hedge. Other metals saw mixed results, with silver and copper sliding slightly and platinum gaining a little.
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