December Support News Today

Analysts say investors are undertaking a strategic shift in their portfolios towards precious metals

This comes as the US dollar index is hovering near a three-month low

News of a temporary halt in fighting between Israel and Hamas did not trigger any major move in the market

Dollar weakens as investors expect US Federal Reserve to cut interest rates next year

Reports of a ceasefire between Israel and Hamas could impact gold prices, analysts say

This was triggered by the higher-than-expected fall in US inflation to 3.2% in October, the first decline in four months

US Fed officials say they're not confident that interest rates are enough in battle against inflation

Analysts say this is because traders booked profits ahead of Diwali

Analysts say investors will await US Fed Chairman Jerome Powell’s comments this week; plus, there are a slew of corporate results in the US that investors will keep an eye on

Bets for a pause in the November meeting of the FOMC continued, supporting an up-move in gold and silver prices