![Geopolitical uncertainty and Fed rate cuts driving gold price momentum next week](https://piglobalinvestments.com/wp-content/uploads/2024/01/1705243879_633_92b2b3c1-47fa-41cf-a222-34a19bd11714.jpeg)
Geopolitical uncertainty and Fed rate cuts driving gold price momentum next week
Kitco News | Jan 12
(Kitco News) – Market conditions are aligning for the gold market as the precious metal benefits from safe-haven demand and growing expectations that the Federal Reserve will cut rates sooner than expected.The gold market is ending the week testing resistance at $2,050 an ounce and according to some analysts, the precious metal still has room to move higher as bullish momentum is just starting to pick up.