15 December 2023
Gold prices are heading towards a weekly increase, fueled by a declining U.S. dollar and reduced Treasury yields following the Federal Reserve’s hint at lower borrowing costs next year. Spot gold rose by 0.3% to $2,041.70 per ounce, achieving a 1.9% increase this week, while U.S. gold futures climbed 0.6% to $2,056.40.