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

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 News Editor

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Gold futures ended lower Friday for the sixth straight session in the metal’s sharpest weekly selloff in more than three years, driven by a strong U.S. dollar and reduced expectations for interest rate cuts following Donald Trump’s election victory.

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