empty
 
 

2025.12.0401:59:33UTC+00Gold Remains Close to 6-Week High

Gold surpassed $4,210 per ounce on Thursday, remaining close to a six-week high as investor confidence grew regarding a potential Federal Reserve interest rate cut in the coming week. November's ADP report revealed an unexpected decline of 32,000 jobs in the private sector, significantly missing the anticipated gain of 10,000 and representing the third decrease in four months. This decline marks the most significant hiring slowdown since 2023, amplifying concerns about a cooling labor market in the United States. The report is consistent with dovish comments from Federal Reserve officials who have stressed the importance of addressing the deceleration in job growth. As a result, rate futures have now factored in a nearly 90% probability of a 25 basis point reduction next week. Investors are now eagerly awaiting the release of the delayed September PCE data on Friday for further insights into monetary policy. Furthermore, a geopolitical risk premium was supported by the lack of progress in the US-Russia discussions concerning the Ukraine conflict.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $10000 more!
    In January we raffle $10000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback