Gold is set to fall for the first time in four wee

Aihuicha, December 8: gold fell from a record high on Monday, with signs that investors may be too optimistic about the timing of interest rate cuts in the United States, and gold prices are set to record their first weekly decline in four weeks this week. Gold prices rose ahead of the release of U.S. non farm employment data today. Swap traders see a 56 percent chance that the Fed will cut interest rates in March. Gold has risen about 12 per cent since early October, despite a decline this week. Central bank buying, fears of a potential recession in the United States, a falling dollar and geopolitical concerns have all supported gold.