Gold Prices Surge as Fed Signals Dovish Stance, Dollar Weakens

Gold prices regain $2,000 as the US dollar slides, while GBP/USD and EUR/USD rally. The Federal Reserve plans to implement three interest rate cuts in 2024, acknowledging potential economic weakness. The Bank of England and the European Central Bank maintain their hawkish outlooks, with expectations of rate cuts in 2024. Equity markets continue to rise, but volume is expected to decrease as the Christmas/New Year break approaches. Key economic data releases next week include UK and US inflation reports and the Bank of Japan policy meeting. Gold and silver prices jump due to a dovish Fed outlook, and the US dollar's short-term performance will be influenced by the November US PCE report.