The dollar index weakened on Friday (November 12), limiting the intraday decline in gold prices. Concerns about rising consumer prices in the US may still boost gold’s anti-inflationary appeal.
The International gold price is expected to hit the highest weekly level in six months, while the Fed may lose its window period.
This article will discuss the latest developments in the gold market and how investors should be positioning their portfolios accordingly. It will also mention what this means for similarly-priced assets such as oil.