Key Points
(Reuters) Gold touched its highest in more than three weeks on Wednesday, as traders bought zero-yield bullion in anticipation of U.S. interest rate cuts next year, while a dip in the dollar and bond yields also supported prices...
ET (1524 GMT), hitting its highest since Dec. 4 and on track to gain 13% in 2023, its best year since 2020...
Going into the new year, the theme seems to be from central banks around the world that lower interest rates are coming and with that, gold will have nothing but upside to go here, said Bob Haberkorn, senior market strategist at RJO Futures...
The Federal Reserve is set to start the new year with fresh evidence that U.S. price pressures are firmly in retreat, with data last week marking the first time since March 2021 that the annual PCE price index was below 3%...
There are a lot of ifs and buts, permutations and combinations, but the fact remains that no matter what, the Feds not going to hike the rates again its the base case scenario, said Kunal Shah, head of research at Nirmal Bang Commodities in Mumbai...
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