Gold prices rise in strong start to 2024, early rate cuts in focus

News Snapshot:

Published Jan 02, 2024 12:06AM ET © Reuters. Gold +0.51% Add to/Remove from Watchlist Copper +0.29% Add to/Remove from Watchlist Investing.com-- Gold prices rose on Tuesday after seeing strong gains in the last few trading days of 2023, as traders cheered the prospect of early interest rate cuts by the Federal Reserve in 2024. Spot prices of the yellow metal were trading about $70 an ounce below a record high hit at the beginning of December, as markets welcomed dovish signals from the Fed and ramped up bets that the bank could begin trimming rates by as soon as March...