Gold prices rise to 6-month high.
A lower U.S dollar and growing investor confidence that the Federal Reserve will begin cutting interest rates next year have pushed gold prices higher. However, under cost pressure, the stock prices of gold companies have not benefited.
Spot gold rose 0.6% to $2,014.55 a troy ounce, its highest level since mid-May. The precious metal has gained just over 10% since hitting a seven-month low in early October, and is currently about 3% below its all-time high set in August 2020.