Gold prices have ripped higher over the past two months as expectations that the US Federal Reserve will slow its interest rate rises boosted the precious metal. Prices of the yellow metal have risen 15 per cent since November 3 to almost $1,900 per troy ounce, reaching the highest level since April 2022. The rally comes as the market increasingly expects that the Fed will slow the pace of its increases in borrowing costs as inflation eases off its highs.
