Gold rises with expectations of a cut in US interest rates

Gold prices during early Asian trading today, driven by optimism about the possibility of a reduction by the Federal Reserve (the US central bank) Interest rates in December.
Gold in spot transactions decreased by about 0.2%, recording $4,136.59 per ounce (ounce), while US gold futures contracts for December delivery fell by about 0.1% to $4,134.
Markets currently expect 84% to reduce interest rates next month, compared to only 50% last week, according to CME data.
Gold, which does not generate a return, rises in an environment of low interest rates and during periods Geopolitical uncertainty.

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