Global gold prices today tended to be flat, slightly weaker, at around $4,205–$4,210 per troy ounce, pressured by a strengthening US dollar following strong employment data. Investors have almost fully priced in the Fed's 25 bps interest rate cut tonight, but are wary of a "hawkish" cut (a rate cut, but with a tighter tone), so gold's upside is temporarily limited. The market's primary focus is no longer on the cut, but on the dot plot and the Fed's projections for 2026: how many more cuts they will leave open, and how Powell will speak about inflation and employment. As long as the 10-year...
Global gold prices are currently trending lower on Wednesday (December 10). The main pressure comes from market concerns that the Fed could deliver a "hawkish cut," meaning a 25 basis point interest rate cut, but with a cautious tone and a signal that future easing will be less aggressive. These expectations have strengthened the US dollar relatively and put pressure on dollar-priced gold. Furthermore, many investors are opting to take profits after gold's prolonged rally throughout 2025, while awaiting the Fed's official decision and the latest economic projections for 2026. Remaining...
Silver prices rose on Wednesday (December 10th), setting a new record on the spot market. This increase was driven by strong expectations that the Fed will cut interest rates soon, potentially driving down dollar yields and investors seeking alternative hedges such as precious metals. Fundamentally, the silver rally is also supported by a combination of investment and industrial demand. Inflows into silver-based ETFs have surged in recent days, indicating strong investor interest, while the physical market is in a supply deficit, so any increase in demand immediately pushes prices higher....