Gold Prices Ease From Recent Highs Amid Hopes for Faster Fed Rate Cuts
• Gold prices pull back from $2,070 level ahead of holiday market closure • Investor bets on quicker, more Fed rate cuts in 2023-24 lifting gold • Cooling US inflation fuels hopes for faster pace of Fed rate cuts • Markets anticipating more cuts than Fed forecast; gap could limit gains • Technicals show strong near-term bids; bears need close under $2,000