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Gold slides in biggest weekly drop since 2021 as Fed signals no rush to cut rates

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Nov. 15, 2024 6:10 PM ETSPDR® Gold Shares ETF (GLD), GDXIAU, SLV, SIL, SGOL, SIVR, GDXJ, PHYS, PSLV, NUGT, RING, OUNZ, SILJ, BAR, GLDM, AAAU, XAGUSD:CUR, XAUUSD:CURBy: Carl Surran, SA Information Editor

monsitj/iStock through Getty Pictures

Gold futures ended decrease Friday for the sixth straight session within the steel’s sharpest weekly selloff in additional than three years, pushed by a robust U.S. greenback and decreased expectations for rate of interest cuts following Donald Trump’s election victory.

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