Gold Futures Rise, Set to End Year on a Positive Note
Gold futures rose, looking set to end the year on a positive note. Gold futures rose 0.2% to $2,622.70 a troy ounce, and are expected to end 2024 up nearly 21%. The precious metal has rallied throughout the year on safe-haven demand amid rising geopolitical tensions, easing monetary policy and a series of central bank purchases.
Holiday trading was light ahead of the new year, and in the absence of any new catalysts, the precious metal traded broadly sideways for much of late December. Investors will be focused on potential signals from the incoming Trump administration and the Federal Reserve’s 2025 outlook, said Rania Gule of XS.com in a note.
Source: Dow Jones Newswires