Gold futures had been greater, beginning the brand new yr on a constructive word. Futures rose 0.3% to $2,647.90 a troy ounce.
The market is ready for brand spanking new catalysts to resolve the course of gold and different treasured metals, which have traded in a good vary for a lot of December and particularly through the vacation interval.
That stated, gold had a great yr in 2024, rising about 27%, Deutsche Financial institution analysts stated in a word. The steel posted its strongest annual return since 2010, pushed by central financial institution charge cuts and ongoing geopolitical issues, they stated. Declining rates of interest typically improve the enchantment of non-interest-bearing bullion.
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