Gold Steadies as Investors Bank on More US Rate Cuts Next Year
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Gold:Gold steadied after three days of gains, supported by the prospect of further monetary easing in the US following a rate cut this week. Silver traded near a record high.Bullion was little changed at around $4,280 an ounce, having climbed 1.2% in the previous session. Federal Reserve policymakers left the door open to more interest-rate cuts next year after lowering the cost of borrowing on Wednesday. Swap traders are betting on two reductions in 2026, even as the US central bank signals only one.