Gold News – 16.Dec.2024

Gold News

Gold Price: Gold traded above $2,660 per ounce as markets awaited the Federal Reserve’s policy decision.

Fed Policy: The Fed is expected to announce a 25bps rate cut, boosting gold’s appeal by lowering the opportunity cost of holding non-yielding assets.

Geopolitical Tensions: Israel’s air and ground attacks in Gaza increased demand for gold as a safe-haven asset.

World Gold Council Outlook: Slower growth for gold is projected next year, influenced by central bank actions, geopolitical risks, and economic conditions in major markets like the U.S., China, and India.

Author : Arman Shaban
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