Gold prices approached a seven-week high on Friday, buoyed by growing expectations of an interest rate cut next year after the Federal Reserve adopted a less hawkish stance than markets had anticipated. Silver continued to trade near its record high reached on Thursday.
With gold and silver nearing record highs and the dollar continuing its decline, tracking interest rate cut expectations and analyzing data becomes crucial. With Investing Pro, now available in Arabic, you can use WarrenAI to analyze market reactions to Fed data and interpret technical patterns in metals, with up to 55% off for Internet Monday.