Reported 3 days ago
Gold opened the New Year unchanged following a 27% annual gain, its largest since 2010, driven by the Federal Reserve's cutting cycle and strong demand. Traders are now evaluating the pace of monetary easing expected in 2025, especially after Fed Chair Jerome Powell indicated a cautious approach to interest rate reductions amid inflation concerns. Economic data in the coming week will be crucial for understanding the Fed's future decisions.
Source: YAHOO