Gold

Spot

<div class="watcher-guru">
 <p>The Spot gold prices declined to $1,980 on Wednesday hours before the Federal Reserve’s decision on interest rate hike. Gold prices remained unmoved on Tuesday even after the CPI data showed inflation cooling down at 3.1%. The precious metal did not spike even after the US Treasury Secretary Janet Yellen said that the economy is headed for a <strong>“soft landing”.</strong> The development indicates that the markets will remain on a slippery slope until inflation is brought under control at 2%.</p>
 <p><strong>Also Read: Gold Prices Could Reclaim $2,100 Levels in Q2 of 2024: Analyst</strong></p>
 <p>The move adds burden on the Feds upcoming decision as the markets will now trade in tandem to the interest rate. While the US dollar dipped in December this month, gold performed exceptionally better in the last 30 trading days. Read here for a realistic price prediction on when gold could rise by 50% and reach the $3,000 mark.</p>
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 <p><strong>Also Read: BRICS: $2 Billion Copper Trade To Be Paid In Chinese Yuan, Not US Dollar</strong></p>
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 <h2 class="wp-block-heading" id="h-gold-prices-expect-volatility-as-fed-rate-decision-nears">Gold Prices: Expect Volatility as Fed Rate Decision Nears</h2>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="683" src="https://cdn.thebittimes.com/images/2023/12/13/b6050454fb61f60ffa64474e2e7e08bb.webp" alt="Gold Prices US Dollar USD Currency" class="wp-image-121125" srcset="https://cdn.thebittimes.com/images/2023/12/13/b6050454fb61f60ffa64474e2e7e08bb.webp 1024w, https://cdn.thebittimes.com/images/2023/12/13/b6050454fb61f60ffa64474e2e7e08bb.webp 300w, https://cdn.thebittimes.com/images/2023/12/13/b6050454fb61f60ffa64474e2e7e08bb.webp 768w, https://cdn.thebittimes.com/images/2023/12/13/b6050454fb61f60ffa64474e2e7e08bb.webp 1536w, https://cdn.thebittimes.com/images/2023/12/13/b6050454fb61f60ffa64474e2e7e08bb.webp 380w, https://cdn.thebittimes.com/images/2023/12/13/b6050454fb61f60ffa64474e2e7e08bb.webp 550w, https://cdn.thebittimes.com/images/2023/12/13/b6050454fb61f60ffa64474e2e7e08bb.webp 800w, https://cdn.thebittimes.com/images/2023/12/13/b6050454fb61f60ffa64474e2e7e08bb.webp 1160w, https://cdn.thebittimes.com/images/2023/12/13/b6050454fb61f60ffa64474e2e7e08bb.webp 1840w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: goldavenue.com
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 </figure>
 <p>The XAU/USD Spot <a rel="noopener noreferrer nofollow" title="Gold Prices" href="https://thebittimes.com/tag/gold-prices.html">Gold Prices</a> are trading lower as the <a rel="noopener noreferrer nofollow" title="Fed" href="https://thebittimes.com/tag/fed.html">Fed</a>eral Reserve’s decision on interest rate hike nears. Investors are playing it safe by staying away for a while before taking an entry or exit position. Major volatility is expected to rock <a rel="noopener noreferrer nofollow" title="Gold Prices" href="https://thebittimes.com/tag/gold-prices.html">Gold Prices</a> after the <a rel="noopener noreferrer nofollow" title="Fed" href="https://thebittimes.com/tag/fed.html">Fed</a> rate decision as both buyers and sellers get aggressive. Read here to know what could be the prices of <a rel="noopener noreferrer nofollow" title="GOLD" href="https://thebittimes.com/tag/gold.html">GOLD</a> by the end of this month in December 2023.</p>
 <p><strong>Also Read: BRICS: Analyst Predicts Biggest Economic Crash in US History</strong></p>
 <p>If the <a rel="noopener noreferrer nofollow" title="Fed" href="https://thebittimes.com/tag/fed.html">Fed</a>s raise interest rates, <a rel="noopener noreferrer nofollow" title="Gold Prices" href="https://thebittimes.com/tag/gold-prices.html">Gold Prices</a> are expected to bounce back above the $2,000 mark. However, if the <a rel="noopener noreferrer nofollow" title="Fed" href="https://thebittimes.com/tag/fed.html">Fed</a>s go dovish, then the yellow metal might have a difficult month in the indices. The value of <a rel="noopener noreferrer nofollow" title="GOLD" href="https://thebittimes.com/tag/gold.html">GOLD</a> is shaped by the prospects of the US dollar. A strong US dollar makes <a rel="noopener noreferrer nofollow" title="GOLD" href="https://thebittimes.com/tag/gold.html">GOLD</a> weak, while a soft US dollar strengthens the prices of <a rel="noopener noreferrer nofollow" title="GOLD" href="https://thebittimes.com/tag/gold.html">GOLD</a>. The correlation remains intact despite other geopolitical tensions affecting the overall markets.</p>
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<div class="cs-entry__tags">
 <ul>
  <li>Fed</li>
  <li>Federal reserve</li>
  <li>GOLD</li>
  <li>Gold Prices</li>
 </ul>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/volatility-ahead-for-gold-prices-as-fed-rate-decision-looms-tbt73530.html">https://thebittimes.com/volatility-ahead-for-gold-prices-as-fed-rate-decision-looms-tbt73530.html</a></p>

Volatility Ahead for Gold Prices as Fed Rate Decision Looms

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TheBitTimes

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