GOLD SELL BY NOW CONFIRM PREDICTION

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Gold price (XAU/USD) attracts fresh buyers on the first trading day of 2024 and maintains its bid tone through the early part of the European session. The precious metal currently trades around the $2,075 region, up over 0.50% for the day, and remains well supported by rising bets that the Federal Reserve (Fed) will soon start cutting interest rates, as early as March. This, along with geopolitical risks and concerns about fragile economic recovery in China, lends some support to the non-yielding yellow metal.