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2025-12-16 14:47:15
Gold prices retreated slightly as the market focused on US data and Fed policy clues. 1. Gold prices fell on Tuesday, with spot gold briefly dropping to around $4272 per ounce before recovering to around $4292. Investors were cautious ahead of key US employment and inflation data releases, which are expected to provide important guidance for Fed policy expectations in the new year. 2. Some market analysts pointed out that gold prices are approaching the previous high of around $4380 per ounce reached in mid-October. The market is currently testing whether it has enough momentum to break through this resistance level or whether there are signs of weakening upward momentum at this level. 3. According to the CME FedWatch tool, traders currently believe there is a 76% probability of a 25 basis point rate cut by the Fed in January, with some market participants even expecting two rate cuts. The upcoming non-farm payroll data this week is expected to provide new clues about the pace of Fed policy easing in 2026. 4. In addition, the market is also awaiting the weekly initial jobless claims data to be released later this week, as well as the personal consumption expenditures price index, the Fed's preferred inflation indicator.
