Gold prices rose on Tuesday as investors braced for a less steep path to cut U.S. interest rates next year, in a short trading week due to the holidays.
Spot gold rose 0.1 percent to $2,616.13 an ounce, while U.S. gold futures settled at $2,629.80. Trading volumes are likely to decline towards the end of the year.
Investors are focusing on the Federal Reserve's path to cutting interest rates in 2025. The US central bank continued cuts in December after a period of sharp rate hikes, with expectations of smaller cuts next year.
Source (Al-Khaleej Emirati Newspaper, Edited)
