Posted 12/4/2023, 7:34:18 AM
Markets Mixed as Gold Hits Record High; Traders Eye Potential 2024 Rate Cuts
- European markets set for mixed open as traders assess potential 2024 rate cuts and high gold prices
- Gold hits record $2,100 high on geopolitical uncertainty, weaker dollar, and expected rate cuts
- S&P 500 hits 2023 high following 5-week rally on bets of 2024 Fed rate cuts
- Asia-Pacific shares mixed as investors await economic data and key inflation readings
- Morgan Stanley fund manager highlights 4 "cheap" top stock picks in mixed market environment