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Gold edges higher in holiday trade; Fed outlook in focus

Gold rates acquired in peaceful holidayperiod trading on Tuesday, while financier focus was on the Federal Reserve's rate method for next year and Trump's. future tariff policies.

Spot gold included 0.2% to $2,616.99 per ounce, as of. 0909 GMT. U.S. gold futures was up 0.2% to $2,632.20.

After strongly cutting rates in September and November. this year, the Fed persisted with cuts in December but hinted at. fewer cuts in 2025.

Reserve bank buying, monetary policy easing, and. geopolitical stress have propelled the bullion to several. record highs this year, putting it on track for its finest year. because 2010 with a 27% increase so far.

A benign U.S. inflation continuing reading Friday relieved some. issues about the speed of cuts next year. Nevertheless, markets are. still prices in almost 35 basis points worth of reducing by. for 2025.

Gold could reach $3,000 in 2025, presuming markets adhere to. bullion's function as an inflation hedge, specifically if Trump's. policies reignite United States inflationary pressures, stated Exinity Group. Chief Market Analyst Han Tan.

U.S. investors are preparing for a swathe of changes in 2025. - from tariffs and deregulation to tax policy - that will ripple. through markets as Donald Trump returns to the White Home in. January.

Bullion bulls might delight in another excellent year ahead if. international geopolitical stress are ramped up under Trump 2.0,. potentially pressing financiers towards this tried and true safe. sanctuary, Tan added.

Gold is thought about a safe financial investment throughout financial and. geopolitical turmoil but higher rates increase the opportunity. expense of holding the non-yielding possession.

Among other metals, area silver fell 0.1% to $29.61. per ounce, platinum eased 0.1% to $937.95, while. palladium increased 1.6% to $944.78 and.

(source: Reuters)