Gold Steady as Investors Lean In to 2024 Rate Cut Expectations
Gold was steady after an auction of Treasury notes on Tuesday, with markets bracing for an aggressive path of Federal Reserve interest-rate cuts in 2024. Buyers piled in to sales of US bonds on Tuesday, with the auction for two-year debt priced below its when-issued yield — a sign of greater-than-expected demand. Investors are grabbing prevailing yields before…
