Gold prices soared 26% in 2024, closing at $2,626 per ounce, fueled by U.S. Federal Reserve rate cuts and economic uncertainty, signaling a strong performance for safe-haven assets.
UK inflation rose to 2.6% in November, reflecting rising energy costs and wage pressures, according to the ONS. Core inflation also rose to 3.5%, underscoring persistent challenges.
The Swiss National Bank reduced its interest rate by 25 basis points to 1.00%, marking the third such move in 2024, in response to global market trends and economic pressures.
