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Setting out to analyze the GBP/USD price outlook for 2024, there are plenty of unknowns and looming uncertainties that make it difficult to convincingly predict the course of the Pound Sterling against the US Dollar (USD) in the year ahead.
Gold price is catching a breather near $2,040 early Wednesday, having tested multi-day highs at $2,048 on Tuesday.
Gold price is challenging bullish commitments early Wednesday, sitting near the lowest level in three weeks of $1,976.
The AUD/USD is catching a firm risk-bid as markets surge higher following a dovish pivot to the Federal Reserve’s (Fed) policy stance; the Fed now sees at least three rate cuts in 2024, for a combined 75 basis points in rate cuts next year.
Gold price is catching a breather in the Asian session on Tuesday, following two straight days of decline.