Weekly earnings preparation below

Gold is set to end the week higher after the Fed minutes showed support for the slowdown in rate hikes. Gold, which rose on Friday, is set to end the week higher after the Fed minutes showed support for the slowdown in rate hikes. Gold rose nearly 8% in November on a weaker dollar after the Fed’s aggressive monetary tightening led to a seven-month losing streak. Rising interest rates and bond yields are weighing on the precious metal, which traditionally does not yield interest. “Gold and silver will continue to be driven by the less aggressive stance of the Fed,” Ravindra Rao, Head of Commodity Research at Kotak Securities, said. “Traders will continue to monitor the next employment report and inflation data, but until then, “weakness in the dollar will continue to support precious metals.”