Reported 1 day ago
Gold prices have increased as traders consider a potentially slower pace of interest rate cuts by the US Federal Reserve in 2025. Despite a stronger dollar causing some market pressure, gold remains near $2,620 an ounce. Investor sentiment is influenced by a drop in US consumer confidence tied to concerns over the incoming Trump administration's policies. Overall, gold is anticipated to end 2024 over 25% higher, driven by monetary easing and safe-haven demand.
Source: YAHOO