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Gold gains as geopolitical risks and Fed rate-cut bets boost demand
Gold prices edged higher on Tuesday to around a one-week high, supported by safe-haven demand amid rising geopolitical tensions over the U.S. capture of Venezuelan President Nicolas Maduro and growing expectations of U.S. rate cuts. Spot gold was up 0.1% at $4,452.60 per ounce, as of 0946 GMT, after rising nearly 3% in the last session. Bullion hit a record high of $4,549.71 on December 26, and ended the year with a gain of 64%, its best annual performance since 1979. U.S. gold futures for February delivery rose 0.3% to $4,462.60. "Gold prices are supported by increased safe-haven demand amid heightened ... (full story)
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