Monday, 15 January 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 expected to be low due to the Martin Luther King Day holiday. The war between Israel and Hamas has passed the 100-day mark as Israel continues its fierce offensive, while the Houthi militia's threat to respond to US strikes on Yemen kept risks elevated.
Higher Than Expected , Inflation , Could Signal Fed to Cut Interest Rates.
Yahoo Finance reports that consumer prices rose higher
than forecast in December, a sign investors hope will
signal the..
Credit: Wibbitz Top Stories Duration: 01:31Published
Gold and silver are lawful money and safe haven assets that are universally recognized as a store of wealth which can be passed down through many generations. Both metals have lasted through three..
Monday, 15 January 2024
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