Gold advanced in Asian trading on Friday, drawing support from haven demand as investors weighed a murkier U.S. economic outlook, even as fading bets on a Federal Reserve cut in December capped the rally.<\/p>\n\n\n\n
Spot prices rose 0.4% to $4,187.43\/oz<\/strong> by 05:24 GMT, while December futures<\/strong> eased slightly to $4,190.75\/oz<\/strong>. The metal is up roughly 5%<\/strong> for the week\u2014its first weekly gain in four\u2014after firmly reclaiming the $4,000<\/strong> threshold.<\/p>\n\n\n\n The end of a nearly 43-day U.S. government shutdown<\/strong> set the stage for the return of official economic reports in the coming weeks, but markets remain anxious that delayed releases could reveal a softer growth picture. Officials also signaled that October inflation and labor data may not be published<\/strong>, prolonging uncertainty and nudging investors toward defensive assets.<\/p>\n\n\n\n The dollar slipped about 0.4%<\/strong> on the week, offering an additional tailwind to metals.<\/p>\n\n\n\n With policymakers effectively \u201cflying blind\u201d into the Dec. 10\u201311<\/strong> meeting, traders trimmed expectations for near-term easing. Market-implied odds now suggest about a 45.4%<\/strong> chance of a 25 bp<\/strong> cut in December\u2014down sharply from last week\u2014while the probability of a hold has risen to 54.6%<\/strong>. Higher-for-longer rate risks and elevated real yields continue to restrain gold\u2019s topside momentum.<\/p>\n\n\n\n Strength was broad-based: spot platinum<\/strong> rose 0.5%<\/strong> to $1,593.83\/oz<\/strong>, and spot silver<\/strong> added 1.1%<\/strong> to $52.8815\/oz<\/strong>, leaving silver up roughly 9%<\/strong> on the week and nearing the record peaks set in October.<\/p>\n\n\n\n Gold\u2019s weekly recovery reflects a classic flight-to-quality dynamic amid a cloudy macro backdrop. Until the data fog clears, haven demand and a softer dollar can keep dips shallow, but firm rate-cut skepticism argues for a measured, range-bound tone rather than an unchecked breakout.<\/p>\n","protected":false},"excerpt":{"rendered":" Gold advanced in Asian trading on Friday, drawing support from haven demand as investors weighed a murkier U.S. economic outlook, even as fading bets on a Federal Reserve cut in December capped the rally. Spot prices rose 0.4% to $4,187.43\/oz by 05:24 GMT, while December futures eased slightly to $4,190.75\/oz. The metal is up roughly …<\/p>\n","protected":false},"author":9,"featured_media":105896,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,6827,49,36],"tags":[],"class_list":["post-120905","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-daily-economic-reports","category-economic-reports","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120905","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=120905"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120905\/revisions"}],"predecessor-version":[{"id":120906,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120905\/revisions\/120906"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/105896"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=120905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=120905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=120905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Haven bid returns as data fog persists<\/h2>\n\n\n\n
Fed repricing limits upside<\/h2>\n\n\n\n
Complexion across precious metals<\/h2>\n\n\n\n
What to watch next<\/h2>\n\n\n\n
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