Gold Steadies as Market Weighs Turmoil in South Korea and France

Political crises have supported demand for haven assets
US jobs data this week could help shape Fed’s rate path

WATCH:“The next few months gold slows down, but we still believe $3,000 an ounce will be reached at some point end of next year,” BofA’s Francisco Blanch tells Bloomberg.Source: Bloomberg

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By Jason Scott and Jack Ryan

December 4, 2024 at 12:21 AM UTC

Updated on

December 4, 2024 at 1:12 PM UTC

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Gold steadied as traders took stock of political turmoil in South Korea and France, which has buoyed demand for haven assets.

Bullion was little changed near $2,635 an ounce on Wednesday, after rising 0.2% in the previous session.