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 Job Market Reality Check: BLS Set to Erase Up to a Million Jobs from 2023-2024 Estimates READ MORE S&P 500 Nears Worst Month in Over a Year as Rising Yields Signal Inflation Concerns READ MORE US Economy Q2 Growth Revised Up to 3% on Strong Consumer and Business Activity READ MORE Dow Tumbles 760 Points as Market Reacts to Recession Worries READ MORE Fed's Latest Stress Test Scenarios: Banks Brace for Hypothetical Global Recession READ MORE Add a Comment Cancel replyYour email address will not be published.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