{"id":121375,"date":"2025-12-03T14:05:00","date_gmt":"2025-12-03T10:05:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=121375"},"modified":"2025-12-03T13:37:56","modified_gmt":"2025-12-03T09:37:56","slug":"gold-holds-steady-ahead-of-key-u-s-data-and-fed-meeting-as-rate-cut-bets-strengthen","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-holds-steady-ahead-of-key-u-s-data-and-fed-meeting-as-rate-cut-bets-strengthen\/12\/03\/market-updates\/","title":{"rendered":"Gold Holds Steady Ahead of Key U.S. Data and Fed Meeting as Rate-Cut Bets Strengthen"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>Gold prices were little changed in Asian trade on Wednesday as investors remained cautious ahead of a wave of key U.S. economic releases and next week\u2019s Federal Reserve meeting, where markets broadly expect an interest rate cut.<\/p>\n\n\n\n<p>By <strong>02:45 ET (07:45 GMT)<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Spot gold<\/strong> traded flat at <strong>$4,204.55<\/strong> an ounce<\/li>\n\n\n\n<li><strong>U.S. gold futures<\/strong> rose <strong>0.4%<\/strong> to <strong>$4,235.75<\/strong><\/li>\n<\/ul>\n\n\n\n<p>The metal is trading just below the <strong>six-week high<\/strong> of <strong>$4,264.29\/oz<\/strong> reached earlier this week.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Fed-Cut Bets, Weaker Dollar Boost Bullion Appeal<\/strong><\/h3>\n\n\n\n<p>Markets now assign roughly a <strong>90% probability<\/strong> that the Fed will cut rates by <strong>25 basis points<\/strong> at the <strong>December 9\u201310<\/strong> policy meeting, according to the <strong>CME FedWatch Tool<\/strong>.<\/p>\n\n\n\n<p>This aggressive pricing has pushed the <strong>U.S. Dollar Index<\/strong> toward its <strong>weakest level since mid-November<\/strong>, making gold more appealing for non-U.S. buyers and supporting safe-haven demand.<\/p>\n\n\n\n<p>A string of softer U.S. economic indicators has reinforced speculation that the Fed may need to ease policy. Traders are now awaiting two key releases:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>ADP National Employment Report<\/strong> (November) \u2014 due Wednesday<\/li>\n\n\n\n<li><strong>PCE Price Index for September<\/strong> \u2014 delayed due to the government shutdown, now set for Friday<\/li>\n<\/ul>\n\n\n\n<p>Both are closely watched by the Fed as gauges of labor-market health and underlying inflation pressures.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Speculation About New Fed Chair Adds to Dovish Tone<\/strong><\/h3>\n\n\n\n<p>Markets are also increasingly focused on the possibility of a <strong>leadership change<\/strong> at the Federal Reserve.<\/p>\n\n\n\n<p>Reports suggest <strong>Kevin Hassett<\/strong>, a White House economic adviser known for advocating <strong>lower interest rates<\/strong>, is emerging as a <strong>frontrunner<\/strong> to replace Chair <strong>Jerome Powell<\/strong>.<\/p>\n\n\n\n<p>The potential shift has added to expectations of a <strong>more accommodative policy stance<\/strong>, providing another tailwind for gold.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Metal Markets Stay Subdued<\/strong><\/h3>\n\n\n\n<p>Trading across other precious and industrial metals was muted as investors awaited clearer signals from U.S. data and next week\u2019s Fed decision:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Silver futures<\/strong> were flat at <strong>$58.67\/oz<\/strong>, hovering just below the record <strong>$59.65<\/strong><\/li>\n\n\n\n<li><strong>Platinum futures<\/strong> slipped <strong>1.2%<\/strong> to <strong>$1,663.60\/oz<\/strong><\/li>\n\n\n\n<li><strong>LME copper futures<\/strong> rose <strong>0.5%<\/strong> to <strong>$11,255.20\/ton<\/strong><\/li>\n\n\n\n<li><strong>U.S. copper futures<\/strong> gained <strong>0.7%<\/strong> to <strong>$5.29\/lb<\/strong><\/li>\n<\/ul>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices were little changed in Asian trade on Wednesday as investors remained cautious ahead of a wave of key U.S. economic releases and next week\u2019s Federal Reserve meeting, where markets broadly expect an interest rate cut. By 02:45 ET (07:45 GMT): Spot gold traded flat at $4,204.55 an ounce U.S. gold futures rose 0.4% &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":[38,6827,49,37,36],"tags":[],"class_list":["post-121375","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-daily-economic-reports","category-economic-reports","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121375","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=121375"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121375\/revisions"}],"predecessor-version":[{"id":121376,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121375\/revisions\/121376"}],"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=121375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=121375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=121375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}