Gold today is neither here nor there, but the price could move higher as chances of a December rate cut increase. The US dollar dip was a reaction to the news that some Fed officials support easing monetary policy. Meanwhile, the Pound Sterling strengthened against the greenback ahead of the UK budget presentation.
The key support for the precious metal leading into Christmas is the Fed factor. Another potential, strong catalyst is the peace deal brokered by the Trump administration to end the Russia-Ukraine war.
