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 Macquarie: Gold Outperforms Despite Diminished Rate Cut Expectations READ MORE How Much is My Gold or Silver Worth? READ MORE Gold Slides Below $2,000 As U.S. Inflation Exceeds Expectations READ MORE The $10 Trillion Defense Dilemma: Calls for Doubling NATO Defense Spending READ MORE Hedge Fund That’s Up 227% Makes Bet on Gold READ MORE Add a Comment Cancel replyYour email address will not be published.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