2024-12-25 16:27
IndustryGold Steadies Amid Fed Rate Uncertainty for 2025
Gold traded near $2,612/oz in thin holiday trading as investors assessed the Fed’s cautious outlook on 2025 rate cuts. The stronger dollar continues to pressure bullion, which is set to close 2024 over 25% higher on monetary easing and haven demand.
As traders digest weak US consumer confidence data and Trump’s policy uncertainties, gold’s outlook hinges on the pace of inflation easing and Fed policy adjustments.
#Gold #Commodities #FederalReserve #Inflation #XAUUSD
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Gold Steadies Amid Fed Rate Uncertainty for 2025
| 2024-12-25 16:27Gold traded near $2,612/oz in thin holiday trading as investors assessed the Fed’s cautious outlook on 2025 rate cuts. The stronger dollar continues to pressure bullion, which is set to close 2024 over 25% higher on monetary easing and haven demand.
As traders digest weak US consumer confidence data and Trump’s policy uncertainties, gold’s outlook hinges on the pace of inflation easing and Fed policy adjustments.
#Gold #Commodities #FederalReserve #Inflation #XAUUSD
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