Gold and Copper prices rise as market anticipates interest rate cuts

Gold and Copper prices were higher on Monday morning as the market now anticipates the US Federal Reserve could start cutting interest rates later this year.

The price of gold has gone up by 0.15% and is currently trading at $2,168. This increase is mainly because there is a possibility that the Federal Reserve might reduce interest rates later in the year. Traders are eagerly waiting for the S&P numbers for the fourth quarter to be released as they hope it will give a fresh push to the market.

London-listed company KEFI Gold and Copper plc (LON:KEFI) is an exploration and development company focused on gold and copper deposits in the highly prospective Arabian-Nubian Shield. The Company operates in Ethiopia and Saudi Arabia with projects including Tulu Kapi project, Jibal Qutman EL and Hawiah.

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