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2025-12-16 23:44:50
Gold prices rose in late trading as traders digested the latest U.S. economic data and its impact on the Federal Reserve's policy path next year. New York gold futures rose 0.43% to $4,353.9 per ounce, while spot gold rose 0.4% to $4,322.24 per ounce. The dollar index fell 0.22% to 98.058. U.S. retail sales were flat in October, while the unemployment rate rose to its highest level in more than four years in November. "Today's U.S. data was generally weaker than expected, but not as bad as some feared," said Fawad Razaqzada of Forex.com. He added, "Following the release of the employment and retail sales data, the U.S. interest rate futures market still expects two rate cuts in 2026, with pricing in an easing of about 58 basis points next year."
