GOLD STEADIES AS TRADERS ASSESS FADING US RATE CUT OUTLOOK
https://s.yimg.com/ny/api/res/1.2/8aZf.ObIsbWAQPnkCnV8AA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD04MDA-/https://media.zenfs.com/en/bloomberg_holding_pen_162/3dd83e6b3742793b323f24c3acfe7669
✍️ Gold prices steadied as traders assessed dwindling expectations of a US Federal Reserve rate cut, awaiting a backlog of data to provide a clearer picture of the world's biggest economy.
👉 Gold prices steadied near $4,080 an ounce 👉 Traders lost confidence in a December rate cut 👉 Federal Reserve officials show little conviction for reducing borrowing costs 👉 Longest US government shutdown in history has left investors and policymakers awaiting data 👉 Gold prices still up about 55% this year and on target for its best annual performance since 1979
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