Gold To Rise Today

4 dni temu

Gold futures slide as investors position themselves ahead of U.S. economic data. Futures are down 0.4% at $2,644.0 a troy ounce. Friday's U.S. jobs report is expected to shed further light on the Federal Reserve's approach to monetary policy easing, and particularly the size and scope of future interest-rate cuts. Higher rates for longer typically damp the appeal of non-interest bearing bullion. The precious metal was a stand-out performer in the commodities complex in 2024, BMI analysts say in a note. Gold is likely to demonstrate its resilience as a safe-haven asset in the first quarter of 2025, as prices receive support from both the Fed's rate cuts and high levels of geopolitical tension, BMI says. BMI expects spot gold to trade in the range of $2,500-2,800 an ounce in the coming months.