Gold prices in the domestic market saw an impressive rise on Friday, January 3, as the FOMC anticipates two rate cuts in 2025, suggesting a cautious approach to subsequent monetary stimulus. Even while recent interest rate cuts have reduced some of the pressure, central banks continue to play a significant role in the demand for gold, which ultimately helped gold and silver. Due to geopolitical menaces like the ongoing Middle East and Ukrainian conflicts, as well as geopolitical upheaval in nations like South Korea and Syria, gold has been seen as a safe haven asset, which might support the price in the days to come.
