Gold prices were on track for a weekly jump, driven by a weaker U.S. dollar and lower Treasury yields, after the Federal Reserve indicated lower borrowing costs next year. Spot gold , which edged up 0.3% at $2,041.70 per ounce, has risen 1.9% so far this week. U.S. gold futures gained 0.6% to $2,056.40. “Given the premature spike in early December, traders and investors are likely to be more reluctant to jump on another fear of missing out rally,” said Ole Hansen, Saxo Bank’s head of commodity strategy. “A fresh record is most certainly achievable in 2024.” Fed Chair Jerome Powell said on Wednesday the tightening of ... (full story)