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 solid US employment data, including the JOLTS report indicating strong labor demand, has fueled concerns that the Fed may not be too aggressive in cutting interest rates next year. (alg)
Source: Newsmaker.id
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