Reported 2 days ago
Gold prices have declined after a four-day increase as investors shift their focus from an expected rate cut by the Federal Reserve to a more uncertain interest rate outlook for 2025 amid the potential return of Donald Trump to the White House. Despite a recent uptick in consumer prices which supported anticipations of a forthcoming rate cut, gold slipped by 0.7% to nearly $2,700 an ounce, although it is still on track for its highest annual gain since 1979, thanks to ongoing demand from central banks and easing monetary policies.
Source: YAHOO