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Morningstar: Gold Up as Rate Forecasts Fall

LONDON, 12 January 2024 – Leading investment ratings service Morningstar today quotes BullionVault analysis of the latest gold price moves.

With bullion rising sharply after the US-UK airstrikes against Houthi forces in Yemen were followed by weaker-than-expected US inflation on Friday, "expect more push-back from [US central bank] officials" about how far it will cut interest rates this year, the story quotes Adrian Ash, director research, "plus more volatility in gold and other rate-sensitive markets, ahead of the Fed's January meeting."

Read the full story, first posted at MarketWatch, on Morningstar here:

Gold futures look to score their biggest daily gain since mid-December