The dollar index dropped to a 1.5-week low on Friday, down -0.08%, as the Fed is expected to cut interest rates next month. Markets now predict an 83% chance of a rate cut at the December FOMC meeting. EUR/USD rose by +0.05%, supported by Eurozone inflation data. Meanwhile, USD/JPY fell by -0.12% due to strong Japanese economic reports. Gold and silver prices surged, with silver hitting a new all-time high, driven by Fed rate cut expectations and geopolitical uncertainties. Central bank demand for gold remains strong, but long liquidation pressures have weighed on prices.

Read more at Yahoo Finance: Dollar Finishes Lower and Gold Rallies on Fed Rate Cut Expectations