Gold News – 17.Dec.2024

Gold News

Gold dropped to $2,640 on Tuesday as investors awaited the Fed’s two-day meeting and 2025 outlook.

The Fed is expected to cut rates by 25bps, but uncertainty remains about the extent of future easing due to inflation concerns under the incoming Trump administration.

US private sector activity grew faster in December, potentially limiting rate cuts next year and reducing gold demand.

Despite recent declines, gold is up 29% this year, marking its largest annual gain since 2010, driven by:

US policy easing,

Safe-haven demand,

Strong central bank purchases globally.

Author : Arman Shaban
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