Gold prices held steady around $2,615 an ounce as thin holiday trading and uncertainty about the Federal Reserve’s 2025 interest rate plans influenced market sentiment. Traders are weighing the prospect of fewer rate cuts next year, which could impact gold’s appeal as a non-yielding asset. Despite recent fluctuations, gold remains on track for a 25% gain in 2024, supported by economic uncertainty, geopolitical tensions, and central bank buying.

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Gold Holds Above $5,000 as Hedge Funds Brace for Turbulence
Gold remains steady above $5,000 as the dollar weakens and investors position defensively ahead of crucial inflation and jobs data. Hedge funds are shorting U.S. stocks at record levels while China marks its 15th consecutive month of gold purchases—signaling a strategic shift in how markets view risk.





