{"id":121402,"date":"2025-12-04T12:09:05","date_gmt":"2025-12-04T08:09:05","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=121402"},"modified":"2025-12-04T12:09:09","modified_gmt":"2025-12-04T08:09:09","slug":"gold-slips-as-traders-take-profits-ahead-of-key-fed-decision","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-slips-as-traders-take-profits-ahead-of-key-fed-decision\/12\/04\/market-updates\/","title":{"rendered":"Gold Slips as Traders Take Profits Ahead of Key Fed Decision"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>Gold prices edged lower in Asian trading on Thursday, as profit-taking outweighed rising confidence that the Federal Reserve will cut interest rates next week.<\/p>\n\n\n\n<p>By 02:28 ET (07:28 GMT), <strong>spot gold<\/strong> slipped <strong>0.3% to $4,191.55<\/strong> an ounce, while <strong>February U.S. gold futures<\/strong> fell <strong>0.3% to $4,219.46<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">US data reinforce expectations for Fed rate cut<\/h3>\n\n\n\n<p>Despite the pullback, markets continued to price in <strong>nearly a 90% chance<\/strong> of a <strong>25-basis-point rate cut<\/strong> at the Fed\u2019s December 9\u201310 meeting, according to CME\u2019s FedWatch tool.<\/p>\n\n\n\n<p>Recent U.S. data bolstered the case for monetary easing:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>ADP private payrolls<\/strong> shrank by <strong>32,000<\/strong> in November \u2014 a sharp reversal from October\u2019s revised gain of 47,000, and well below expectations for job growth.<\/li>\n\n\n\n<li>The <strong>ISM services index<\/strong> showed modest expansion, but underlying components pointed to a cooling economy.<\/li>\n<\/ul>\n\n\n\n<p>Investors now look to Friday\u2019s release of the <strong>September PCE Price Index<\/strong> \u2014 the Fed\u2019s preferred inflation gauge \u2014 for clearer direction on how aggressive the central bank might be.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Fed leadership uncertainty adds to dovish narrative<\/h3>\n\n\n\n<p>Media reports indicated that the Trump administration abruptly cancelled interviews with several potential candidates for the next Fed chair, intensifying speculation that <strong>Kevin Hassett<\/strong> may be the frontrunner to replace Jerome Powell.<\/p>\n\n\n\n<p>Hassett is viewed as more dovish, reinforcing expectations of a Fed pivot toward looser policy \u2014 a trend typically supportive of non-yielding assets like gold.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Broader metals market softens<\/h3>\n\n\n\n<p>Precious and industrial metals also weakened as traders trimmed positions ahead of next week\u2019s Fed decision:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Silver futures<\/strong> fell <strong>1%<\/strong> to <strong>$58.00\/oz<\/strong><\/li>\n\n\n\n<li><strong>Platinum futures<\/strong> dropped <strong>1.3%<\/strong> to <strong>$1,661.60\/oz<\/strong><\/li>\n\n\n\n<li><strong>LME copper<\/strong> dipped <strong>0.2%<\/strong> to <strong>$11,455.26\/ton<\/strong><\/li>\n\n\n\n<li><strong>U.S. copper futures<\/strong> were flat at <strong>$5.39\/lb<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Risk-off positioning and thin trading volumes added to the cautious tone across metal markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices edged lower in Asian trading on Thursday, as profit-taking outweighed rising confidence that the Federal Reserve will cut interest rates next week. By 02:28 ET (07:28 GMT), spot gold slipped 0.3% to $4,191.55 an ounce, while February U.S. gold futures fell 0.3% to $4,219.46. US data reinforce expectations for Fed rate cut Despite &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-121402","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\/121402","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=121402"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121402\/revisions"}],"predecessor-version":[{"id":121403,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121402\/revisions\/121403"}],"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=121402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=121402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=121402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}