Gold Prices Steady Ahead of the Fed's 2025 Rate-Cut and Forecasts

Gold Price News By Adrian Ash – Monday 16th December 2024

GOLD PRICES steadied and edged higher on Monday ahead of the Federal Reserve's final interest-rate decision of the year, with analysts and investors focused on the central bank's language around rate cuts for 2025, writes Atsuko Whitehouse at BullionVault.

Spot bullion rose 0.7% to $2664 per Troy ounce by Monday lunchtime in London after falling 2.4% in the previous session from Thursday's 5-week gold price high after new US inflation data raised doubts over Federal Reserve rate cuts in 2025.

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