{"id":120937,"date":"2025-11-17T11:58:34","date_gmt":"2025-11-17T07:58:34","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=120937"},"modified":"2025-11-17T11:58:38","modified_gmt":"2025-11-17T07:58:38","slug":"gold-extends-losses-as-markets-fade-odds-of-december-fed-cut-dollar-firms-ahead-of-data","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-extends-losses-as-markets-fade-odds-of-december-fed-cut-dollar-firms-ahead-of-data\/11\/17\/market-updates\/","title":{"rendered":"Gold Extends Losses as Markets Fade Odds of December Fed Cut; Dollar Firms Ahead of Data"},"content":{"rendered":"\n<h1 class=\"wp-block-heading\"><\/h1>\n\n\n\n<p><strong>Gold<\/strong> fell in Asian trading Monday, extending last week\u2019s pullback as traders further priced out the likelihood of a <strong>Federal Reserve<\/strong> rate cut next month and the <strong>U.S. dollar<\/strong> nudged higher.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Spot gold:<\/strong> <strong>$4,053.84\/oz<\/strong> (-0.6%) by 00:33 ET<\/li>\n\n\n\n<li><strong>Dec futures:<\/strong> <strong>$4,055.91\/oz<\/strong> (-0.9%)<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Policy repricing pressures bullion<\/h2>\n\n\n\n<p>A swift reset in rate expectations has weighed on non-yielding assets. CME FedWatch now implies <strong>~39.8%<\/strong> odds of a <strong>25 bp<\/strong> cut at the <strong>Dec. 10\u201311<\/strong> meeting (from <strong>61.9%<\/strong> a week ago), with <strong>hold<\/strong> probabilities rising to <strong>~60.2%<\/strong>. The shift reflects lingering uncertainty after the <strong>record U.S. government shutdown<\/strong>, which may delay\u2014or even cancel\u2014October readings for <strong>inflation<\/strong> and <strong>employment<\/strong>, leaving policymakers with less visibility. Chair <strong>Jerome Powell\u2019s<\/strong> recent remarks offered little commitment toward easing in December, while \u201csticky\u201d inflation signals have reinforced the high-for-longer narrative.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Dollar steadies ahead of key catalysts<\/h2>\n\n\n\n<p>The <strong>Dollar Index<\/strong> edged <strong>0.1%<\/strong> higher, eroding gold\u2019s appeal for non-U.S. buyers. Attention turns to a busy U.S. calendar:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Fed minutes (Oct meeting)<\/strong> on <strong>Wednesday<\/strong> for color around the reaction function;<\/li>\n\n\n\n<li><strong>PMIs (Nov)<\/strong> through the week;<\/li>\n\n\n\n<li><strong>Nonfarm payrolls (Sep)<\/strong> scheduled <strong>Thursday<\/strong>\u2014one of several releases distorted by the shutdown timetable.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Metals board<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Silver (spot):<\/strong> <strong>$50.5795\/oz<\/strong>, flat after last week\u2019s sharp retreat from near-record highs.<\/li>\n\n\n\n<li><strong>Platinum (spot):<\/strong> <strong>$1,548\/oz<\/strong>, <strong>+0.1%<\/strong>, still nursing prior-session losses.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">What to watch<\/h2>\n\n\n\n<p>A durable break below <strong>$4,050<\/strong> could expose the <strong>$3,990\u2013$4,000<\/strong> zone where dip-buyers have re-emerged in recent sessions. Conversely, a softer dollar and any downside surprises in labor or inflation proxies would help gold rebuild momentum toward <strong>$4,120\u2013$4,160<\/strong> resistance. For now, the balance of risks is tethered to the evolving path of <strong>Fed expectations<\/strong> and the pace at which the <strong>data backlog<\/strong> clears.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold fell in Asian trading Monday, extending last week\u2019s pullback as traders further priced out the likelihood of a Federal Reserve rate cut next month and the U.S. dollar nudged higher. Spot gold: $4,053.84\/oz (-0.6%) by 00:33 ET Dec futures: $4,055.91\/oz (-0.9%) Policy repricing pressures bullion A swift reset in rate expectations has weighed on &hellip;<\/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-120937","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\/120937","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=120937"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120937\/revisions"}],"predecessor-version":[{"id":120938,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120937\/revisions\/120938"}],"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=120937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=120937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=120937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}