Gold is poised for a weekly decline (~2%) as the Fed recalibrates rate-cut expectations for 2024. Despite Wednesday's rate reduction, Powell's emphasis on further inflation progress dampens hopes for aggressive easing, pressuring the non-yielding asset. Robust US GDP & upward revisions to consumer spending further diminish the urgency for rate cuts. Focus now shifts to November's PCE data. #Gold #XAUUSD #Economy