Monday, 08 September 2025
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Gold Prices Remain Sluggish Despite Ahead of Fed Decision
Thursday, 7 November 2024 14:16 WIB | GOLD |GOLDEMAS

Gold (XAU/USD) prices extended its decline for the second straight session on Thursday. The dollar-denominated precious metal faced downside pressure from a stronger US Dollar (USD) following former President Donald Trump's victory in the US elections.

Gold prices came under pressure as safe-haven flows declined amid market optimism and the "Trump trade." The shift was driven by the apparent presidential victory, while markets had previously anticipated a disputed outcome.

The US Federal Reserve's (Fed) policy decision will be eyed on Thursday. Markets are expecting a 25 basis point interest rate cut this week. This could provide support for Gold as lower interest rates reduce the opportunity cost of holding non-interest-bearing assets.

The CME FedWatch Tool shows a 98.1% probability of a quarter-point rate cut by the Fed in November.

Source: FXStreet

RELATED NEWS
Gold blasts to record $3,600 as weak NFP ignite Fed cut frenzy...
Saturday, 6 September 2025 00:58 WIB

Gold price rallies sharply and hits a new all-time high of $3,600 on Friday, following a soft Nonfarm Payrolls report, which raised speculation that the Federal Reserve (Fed) is ready to resume rate c...

Gold hits fresh record high after soft US jobs data...
Friday, 5 September 2025 20:12 WIB

Gold prices hit fresh record highs on Friday after a soft U.S. jobs report cemented hopes of a Federal Reserve interest rate cut, fuelling fresh momentum for bullion's blistering rally. Spot gold was...

Gold Heads For Best Week In Three Months Ahead Of US Jobs Data ...
Friday, 5 September 2025 17:23 WIB

Gold prices edged higher on Friday (September 5th) and were on track for their best weekly gain in three months, as expectations of a Federal Reserve interest rate cut boosted bullion's appeal and inv...

Gold Rises Toward Record High...
Friday, 5 September 2025 09:15 WIB

Gold rose to around $3,550 per ounce on Friday, near record levels and on track for a weekly gain of over 3%, supported by expectations of lower US interest rates and safe-haven demand. A drop in job ...

Gold slips below $3,550 as US Dollar rebound offsets Fed cut bets...
Friday, 5 September 2025 01:58 WIB

Gold price edges lower during the North American session on Thursday as the Greenback recovers some ground, even though the latest round of economic data increased speculation that the Federal Reserve...

LATEST NEWS
US Stocks Fall on Weak Jobs Data

US stocks closed lower on Friday after weaker-than-expected August jobs data raised concerns about a slowing economy, even as expectations for Federal Reserve rate cuts firmed. The S&P 500 gave up earlier gains, ending 0.3% lower and below...

Dollar drops against peers after weaker-than-expected jobs report

The U.S. dollar fell sharply against major peers on Friday after crucial monthly jobs data showed that American employers hired fewer workers than expected, which affirms weakening labor market conditions and likely guarantees a Federal Reserve...

Oil prices settle down more than 2% after weak US jobs report

Oil prices fell on Friday as a weak U.S. jobs report dimmed the outlook for energy demand, while swelling supplies may grow further after OPEC and allied producers meet over the weekend. Brent crude futures settled at $65.50 a barrel, down $1.49,...

POPULAR NEWS
S&P 500 And Nasdaq Hit New Record Highs
Friday, 5 September 2025 20:48 WIB

US stocks rallied on Friday (September 5th), with the S&P 500 rising 0.4% and the Nasdaq gaining 0.6% to new record highs, while the Dow Jones...

Asia-Pacific markets open higher after Trump formalizes lower Japanese auto tariffs
Friday, 5 September 2025 07:37 WIB

Asia-Pacific markets opened higher Friday after U.S. President Donald Trump signed an executive order Thursday formalizing a lower Japanese auto...

European Stocks Swing Lower
Saturday, 6 September 2025 00:38 WIB

European stocks closed on Friday, tracking the pullback in US equities after pessimistic labor data from the US sounded alarms over the world's...

U.S. adds 22,000 jobs in August
Friday, 5 September 2025 20:07 WIB

The U.S. economy added fewer jobs than anticipated in August, possibly bolstering the case for the Federal Reserve to slash interest rates at its...