Gold Set for Brightest Year since 2010 on Rate Cuts, Safe-Haven Demand

GOLD - SINGAPORE. Gold prices were set to end a record-breaking year on a positive note on Tuesday as robust central bank buying, geopolitical uncertainties and monetary policy easing fuelled the safe-haven metal's strongest annual performance since 2010.

Spot gold rose 0.2% to $2,610.63 per ounce as of 1148 GMT, while U.S. gold futures gained 0.2% to $2,623.00.