Gold rises as safe-haven demand, rate cut bets keep prices elevated

Credit: IndiaTimes- Published on January 15, 2024
Gold prices advanced on Monday, as the metal's appeal was boosted by safe-haven demand owing to tensions in the Middle-East, while markets raised bets that the Federal reserve will cut rates sooner than expected. Spot gold was up 0.2% at $2,053.00 per ounce, as of 1026 GMT. US gold futures rose 0.3% to $2,057.50, with trading...

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