Gold prices edged up on Monday, supported by geopolitical tensions and a weaker US dollar, as markets await the Federal Reserve’s policy meeting. Analysts expect the Fed to announce a 0.25% rate cut and offer guidance on the 2025 economic outlook. Ongoing geopolitical risks, particularly in Syria and Israel, along with China’s resumed gold buying, are boosting prices. Gold remains attractive as a safe-haven investment in a low-interest-rate environment. However, if the Fed signals a longer pause in rate cuts, it could limit further gains. Key US economic data, including GDP and inflation, will also impact market sentiment this week.

Gold Prices Rise Amid Geopolitical Tensions and Weaker Dollar, Fed Meeting in Focus

Dec 17 2024