Gold prices rise as investors brace for a softer path to U.S. rate cuts

Gold prices rose slightly on Tuesday as investors braced for a softer path to U.S. interest rate cuts next year.

Spot gold rose 0.1% to $2,616.13 an ounce, while U.S. gold futures were flat at $2,629.80.

Investors are now focused on the Federal Reserve’s path to a rate cut in 2025.

In other precious metals, spot silver rose 0.1% to $29.68 an ounce, while palladium rose 0.5% to $934.51. Platinum, however, fell 0.1% to $938.