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Gold starts December with all-time highs; but can continue to ignore a hawkish Fed - analysts

From kitco.com

A record closing price in November wasn't enough for gold investors, as solid momentum has pushed prices to an all-time high ahead of the weekend. February gold futures last traded at $2,091.90 an ounce, up more than 4% from last Friday's close. Gold's previous record was at $2,089.20 in August 2020. Gold is seeing renewed buying momentum as markets continue to price in a potential rate cut as early as March. The precious metal's rally comes even as the central bank maintains its tightening stance. Friday, Federal Reserve chair Jerome Powell said that he is still not confident monetary policy is sufficiently ... (full story)

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  • Category: Fundamental Analysis