Gold Futures Set for Weekly Loss Amid Thin Holiday Trading

Gold Futures Set for Weekly Loss Amid Thin Holiday Trading

Gold futures autumn and are connected way for play losses amid bladed vacation trading.

Futures are down 0.9% astatine $2,630.90 a troy ounce, and are acceptable to decorativeness the week down 0.5%. The precious metallic has slid against stronger U.S. Treasury yields, with the marketplace looking up to 2025 for caller catalysts.

Market pessimism astir the imaginable of important U.S. interest-rate cuts successful the caller twelvemonth person kept accordant downward unit connected golden prices successful precocious December, reflecting hawkish Federal Reserve commentary and the inflationary quality of galore of President-elect Donald Trump's mooted policies. Higher involvement rates for longer typically damp the entreaty of non-interest bearing bullion.