Gold News – 23.Dec.2024

Gold News

Gold Price: Gold traded at $2,629 per ounce on Monday, supported by a softer US dollar after a benign PCE inflation report, raising hopes for Fed monetary easing in 2024.

Fed Policy Impact: Gold hit a one-month low recently but regained momentum after the Fed signaled a measured pace of rate cuts.

Physical Demand: Gold imports in India are expected to decline sharply in December, challenging near-term outlook.

Annual Performance: Gold has surged over 27% in 2023, its largest annual gain since 2010, driven by US policy easing, safe-haven demand, and central bank purchases.

Author : Arman Shaban
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