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๐
ฐ๐ ๐ก๐
โก๐ฅโก Gold keeps rising. Is a Fed rate cut just days away?
Gold climbed back near recent highs on Wednesday morning, nearing a six-week peak. Explore the details in our breakdown ๐
๐ช Key takeaways
โข Events. Gold surged to around $4,220 per ounce as traders bet on a likely interest rate cut from the U.S. Federal Reserve (Fed) ๐ฅ Nearly 90% of the market expects action at next week's meeting.
โข Possible outcome. If the Fed cuts rates, gold could continue to gain, as lower interest rates tend to weaken the dollar and make safe-haven more attractive โค๏ธ
๐ช Tip for traders
Monitor the ADP jobs data and PCE inflation figures this week. They could swing market sentiment and trigger sharp moves in gold.
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These are the biggest events to watch this week:
US data will take centre stage, with the ADP employment report, ISM services PMI and the core PCE price index being closely watched ahead of the Fedโs December meeting.
Elsewhere, Eurozone flash CPI and Canadian employment data will attract some attention.
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๐
ฐ๐ ๐ก๐
โก๐ฅโก Gold surges amid rate cut expectations. What's next for traders?
Gold prices climbed sharply on Friday, marking a near five-week high. Find out what is driving this rally in our breakdown ๐
๐ช Key takeaways
โข Events. Gold surged towards $4,190 per ounce ๐ The increase comes after Federal Reserve (Fed) officials hinted at potential rate cuts. Markets are now assigning over an 80% chance of a 0.25% reduction next month. Additionally, three more rate cuts are likely to follow in 2026.
โข Possible outcome. If the Fed cuts rates, gold could continue its upward trend ๐ฅ With continued demand from central banks and growing ETF inflows, it might achieve its strongest annual performance since 1979.
๐ช Tip for traders
Stay alert to upcoming Fed announcements, as any signals regarding rate cuts could fuel further gold price increases.
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