-
Gold falls on profit booking; investors eye Fed rate cut signals
Gold prices fell over 1% on Tuesday as investors took profits following a six-week high in the previous session, while they awaited key U.S. economic data ahead of Federal Reserve policy meeting next week. Spot gold lost 1.4% to $4,173.91 per ounce by 1109 a.m. ET (1609 GMT). U.S. gold futures for February delivery were down 1.6% at $4,205.10 per ounce. "It's probably just a little bit of profit taking... the market's biggest focus of late has been rate cut expectations and those remain pretty steady," said Peter Grant, vice president and senior metals strategist at Zaner Metals. "We are in a continuation ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
From finance.yahoo.com | Dec 2, 2025
Silver steadied near a record after rallying about 17% over the previous seven sessions as traders piled into bets for lower interest rates, while the market faced ongoing supply tightness. Gold was flat. Investors are wagering that a new Federal Reserve chair and the release of delayed US economic data this month will support President Donald Trump’s calls ...
From investinglive.com | Dec 2, 2025
Gold has been keeping a bullish bias ever since Fed’s Williams endorsed a rate cut at the December FOMC meeting. The higher rate cut odds have been a tailwind for precious metals. There’s been nothing in the meantime to stop this momentum as the recent US data came in on the softer side. It’s all about the Fed’s forward guidance now and the following NFP ...
Gold eased on Tuesday after touching a six-week high in the previous session, as rising US Treasury yields and profit-taking weighed on prices, while investors awaited US economic data to gauge the Federal Reserve’s policy path. Spot gold fell 0.4% to $4,216.13 per ounce by 0436 GMT, after hitting its highest level since October 21 on Monday. US gold ...
