Gold Poised for First Yearly Rise in 3 Years on Bets of 2024 Fed Rate Cuts
• Gold headed for first annual gain in 3 years as investors bet on Fed rate cuts in 2024 • Bullion has gained 13% since October amid declining Treasury yields and weakening dollar • Gold hit record highs in early and mid-December on sharper expected Fed rate cuts • Central bank buying of gold has hit record levels, supporting higher prices • Geopolitical uncertainty with many 2024 elections also underpinning gold