Gold stabilizes amid anticipation of US data



The US wages report is due out tomorrow, Friday, followed by data Inflation For November next week.

According to the FedWatch tool, markets currently expect a 79.3 percent chance of a rate cut of 25 basis points this month and 85 basis points by the end of 2025.

He was the chairman of the reserve committee Federal Jerome Powell He said on Wednesday that the economy was stronger than the central bank had expected in September when it began cutting interest rates, a clear signal of his support for slowing the pace of cuts in the future.

Update prices

By 0027 GMT, register gold In spot trades, $2,648.89 an ounce, and U.S. gold futures fell 0.1 percent to $2,672.60.

As for other precious metals, it declined Silver 0.1 percent to $31.31 an ounce and fell Platinum 0.2 percent to $939.07, and palladium lost 0.3 percent to $975.48.





Source link

اترك ردّاً

لن يتم نشر عنوان بريدك الإلكتروني. الحقول الإلزامية مشار إليها بـ *