For most of 2023, the Fed's tight monetary policy has been weighing on the price of gold. However, as the tightening cycle nears its end, dampening effect of interest rate hikes towards the gold price is starting to wane, providing more upside for the gold price, which surged last week.After hitting a 7-month low on Friday before two weeks, gold prices rose more than $90 last week, the biggest one-week gain since mid-March, with December gold futures prices rising more than 6% to $1,941.50 per ounce from previous week's low two weeks ago. In addition, silver prices also surged last week, with December silver futures prices rising more than $1 to $22.895 per ounce, totaling 9.5%. Prior to the end of last week, one of the most important catalysts for the surge in gol