Gold holds steady as rising US rate-cut bets offset dollar strength




Gold prices held steady on Tuesday. This followed a nearly 2% rise in the previous session. Hopes for a U.S. rate cut in December are increasing. This is countering a firm dollar. Investors are now pricing in an 81% chance of a Fed rate cut in December. This is up from 40% last week.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *