Gold Prices Stable Amid Rate Cut Expectations Gold prices maintained stability in Asian trade, following a surge in December driven by expectations of early Federal Reserve rate cuts. Spot gold was steady at $2,064.84 an ounce, while February futures rose slightly. The optimism was fueled by the Fed’s signals of pausing rate hikes and potential cuts in 2024, with markets anticipating a possible cut as early as March 2024 due to cooling U.S. inflation. Despite lagging behind risk-driven assets like stocks, gold is poised for strong gains in 2023, with further benefits expected in 2024 as U.S. interest rates decrease and global economic conditions worsen. Copper prices also rose, with moderate gains expected in 2023 and a stronger rebound anticipated in 2024 due to increased demand and supply constraints. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Surprise CPI Drop Propels Gold Prices Towards All-Time Highs READ MORE Oil Prices Decline with Biden's Withdrawal and Fed Rate Cut Prospects READ MORE ETFs See Unprecedented July Inflows as Markets Anticipate Fed Action READ MORE JP Morgan Gold Traders Contempt for the Law, Plan to Appeal their Convictions READ MORE The Day the Hunt Brothers Capped the Price of Gold (Part 2) READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment