Gold prices steadied on Wednesday as trading was muted in the last week of the year, but bullion was headed for its best year in three on expectations the Federal Reserve will cut rates in the first quarter of 2024. Spot gold was flat at $2,067.14 per ounce, not far from an over two-week high of $2070.39 hit on Friday. Bullion was on track to mark an over 10% gain this year — its best since 2020. U.S. gold futures rose 0.5% to $2,079.20 per ounce. Gold is mainly supported by expectations of interest rate cut in the U.S. next year, Jigar Trivedi, a senior analyst at Reliance Securities, said. However, trading volumes ... (full story)