Key Points
(Reuters) Gold prices extended gains on Thursday to their highest in a week after the U.S. Federal Reserve signalled that its interest rate-hiking policy is at an end and that it sees lower borrowing costs in 2024, which sent the dollar and Treasury yields lower...
Market participants perceived the Fed as dovish, focusing on talks of lower U.S. interest rates next year, and lower rates prospects are lifting the yellow metal, UBS analyst Giovanni Staunovo said...
Seventeen of 19 Fed officials projected lower interest rates by end-2024 after the U.S. central bank kept interest rates steady for the third meeting in a row, as was widely expected...
The European Central Bank slashed its forecasts for inflation next year on Thursday and acknowledged it had made progress in reining in once-runaway prices, in what investors were likely to take as a that signal interest rates would soon be cut...
The outlook for gold remains positive and we see the all-time high being refreshed in the New Year as sentiment improves, independent analyst Ross Norman said.. Spot silver rose 1.2% to $24.04 per ounce, platinum gained 0.9% to $942.22 and palladium climbed 2.3% to $1,015.42...
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