Gold Futures Prices Fall, Market Awaits New Triggers
Gold futures fell in quiet holiday trading. Gold futures fell 0.3% to $2,623.70 an ounce. The precious metal has been trading in a narrow range for the week, as markets await fresh catalysts in 2025.
The focus is on the U.S. Federal Reserve’s approach to easing monetary policy, as well as President-elect Donald Trump’s proposed policies. Markets are pricing in fewer U.S. interest rate cuts in 2025 due to the Fed’s aggressive comments and Trump’s expected inflationary policies.
Higher interest rates for longer periods typically dampen the appeal of non-yielding bullion. On the other hand, simmering geopolitical tensions have kept gold prices low, and the U.S. dollar — a rival safe-haven asset — has been largely flat, limiting potential losses for bullion, market watchers said.
Source: Dow Jones Newswires