Gold prices rose on Monday (December 15) as the US dollar weakened and US bond yields fell, making gold (a non-interest-bearing asset) more attractive. Fundamentally, market participants are pricing in the prospect of lower interest rates after the Fed recently cut rates by 25 basis points.
Meanwhile, the next focus will be on the release of US data (especially Non-Farm Payrolls). If employment data is weak, expectations of further easing will usually grow, which could be an additional boost for gold. (alg)
Source: Newsmaker.id
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