• Sun, Feb 8, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Indonesia News Portal for Traders | Financial & Business Updates

30 December 2024 16:18  |

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

Related News

GOLD

Gold Futures Down in Cautious Trade as U.S. Dollar Strength...

Gold futures fell after hitting their highest level in more than a week. Futures were down 0.2% at $2,625 an ounce. Trading i...

20 November 2024 16:28
GOLD

Gold Prices Down amid Stronger USD; Focus Remains on FOMC D...

Gold (XAU/USD) prices attracted some sellers heading into the European session on Tuesday (17/12) and retraced closer to the ...

17 December 2024 14:39
GOLD

Gold Prices Drop on Middle East Ceasefire

Gold prices (XAU/USD) fell during the North American session on Monday (11/25) as news of a ceasefire between Lebanon and Isr...

26 November 2024 06:51
GOLD

Gold Prices Rise Slightly on Global Geopolitical Turmoil

Gold prices rose slightly in Asian trade on Monday (12/9) as geopolitical turmoil in Syria and South Korea helped spur demand...

9 December 2024 13:18
BIAS23.com NM23 Ai