Gold Weekly Forecast: Bulls Show Interest as Fed Cut Odds Grow

Gold Holdings Surpass U.S. Treasuries. Photo by BeInCrypto Gold (XAU/USD) gained momentum early in the week as expectations for a Federal Reserve rate cut strengthened. Markets then slowed due to the US Thanksgiving holiday, yet the metal still rose more than 2% on the week.  With the Fed’s blackout period starting on Saturday, investors will now shift focus to incoming US data. Gold Rises as Fed Doves Grow Louder Gold opened the week strong as traders reassessed the probability of a 25-basis-point cut i ...