Gold extended losses in Asian trading, pressured by a firmer U.S. dollar as traders pared back expectations for a Federal Reserve rate cut in December and rotated away from non-yielding assets.<\/p>\n\n\n\n
Spot gold fell 0.7%<\/strong> to $4,019.19\/oz<\/strong>, while December futures<\/strong> declined 1.4%<\/strong> to $4,018.89\/oz<\/strong> by 00:38 ET (05:38 GMT)<\/strong>.<\/p>\n\n\n\n Positioning shifted after markets rapidly priced out the likelihood of a December easing, leaving the Fed \u201cdata-dependent\u201d yet partially data-blind after a prolonged government shutdown disrupted key releases. The September nonfarm payrolls<\/strong> report\u2014now due Thursday<\/strong>\u2014will be the last major labor read before the Dec. 10\u201311<\/strong> policy meeting.<\/p>\n\n\n\n Futures pricing via CME FedWatch shows roughly a 42.4%<\/strong> probability of a 25 bp<\/strong> cut versus 57.6%<\/strong> odds of a hold. Higher-for-longer U.S. rates continue to erode the appeal of bullion relative to Treasuries. Recent remarks from Fed officials offered mixed guidance, reinforcing caution.<\/p>\n\n\n\n The greenback\u2019s rebound added to headwinds for dollar-priced commodities. Spot platinum<\/strong> slipped 0.7%<\/strong> to $1,526.77\/oz<\/strong>, while spot silver<\/strong> fell 0.7%<\/strong> to $49.8585\/oz<\/strong>. In base metals, LME three-month copper<\/strong> eased 0.8%<\/strong> to $10,695.90\/ton<\/strong>, retracing part of last week\u2019s advance.<\/p>\n\n\n\n Dollar strength stemmed from reduced near-term cut expectations and concern over stretched fiscal dynamics in developed markets\u2014particularly Japan\u2014where a rise in long-dated JGB yields pressured the yen and funneled flows into the dollar.<\/p>\n\n\n\n Gold extended losses in Asian trading, pressured by a firmer U.S. dollar as traders pared back expectations for a Federal Reserve rate cut in December and rotated away from non-yielding assets. Spot gold fell 0.7% to $4,019.19\/oz, while December futures declined 1.4% to $4,018.89\/oz by 00:38 ET (05:38 GMT). Rate path uncertainty keeps bullion on …<\/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-120987","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\/120987","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=120987"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120987\/revisions"}],"predecessor-version":[{"id":120988,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120987\/revisions\/120988"}],"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=120987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=120987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=120987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Rate path uncertainty keeps bullion on the back foot<\/h2>\n\n\n\n
Stronger dollar weighs on the metals complex<\/h2>\n\n\n\n
What to watch<\/h2>\n\n\n\n
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