Gold Prices Await Fed's Rate Cut Decision
Update: 2025-11-24
Description
Gold prices held steady on Monday, with investors anticipating upcoming economic data that could influence the Federal Reserves interest rate decisions. Spot gold traded at $2,322.39 per ounce, while U.S. gold futures slightly increased to $2,334.30. Analysts predict gold will remain in a narrow range until the release of U.S. Personal Consumption Expenditures (PCE) data, a key inflation indicator. If the data is lower than expected, gold prices may rise; however, stronger-than-anticipated data could push prices down to $2,280. Several Fed officials are set to speak this week, potentially impacting market sentiment. The market currently estimates a 50% chance of a rate cut in September, making this weeks economic data crucial in shaping expectations. Silver, platinum, and palladium also experienced minor declines.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
