Gold News – 02.Dec.2024

Gold News

Gold dropped below $2,630 as the US dollar strengthened, ending a four-session rally.

Key upcoming US data includes job openings, wage growth, manufacturing, services, and unemployment rates.

Fed Chair Jerome Powell and other officials are set to speak this week.

Inflation progress has stalled, slowing the Fed’s rate-cut pace.

Markets expect a 65% chance of a 25bps rate cut this month, with two cuts anticipated in 2025.

The Israel-Hezbollah truce remains intact despite reports of violations.

Author : Arman Shaban
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