Скачать или смотреть Gold Slides, Dollar Strengthens | Will the Fed Cut Rates in December? | Markets Await Key US Data

Gold prices slipped to around $4,040 as traders waited for key US economic data, including September retail sales, PPI, and weekly jobless claims, for clearer direction on the Federal Reserve’s rate-cut plans.

Market expectations for a December 25bps rate cut have jumped to nearly 70%, especially after comments from New York Fed President John Williams, who suggested that labor market weakness may justify another cut.

Meanwhile, the US Dollar Index remained above 100, hovering near a six-month high, supported by cautious Fed commentary and growing fiscal concerns in Europe.

Stay tuned for more commodity market updates!

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