empty
 
 

14.11.202510:28:23UTC+00Gold Cuts Gains as Data Delays Cloud Fed Outlook

Gold prices, having retraced some earlier gains, steadied around $4,165 per ounce on Friday. Nevertheless, the precious metal is still on course for a weekly increase of approximately 4%. The market is currently dealing with the repercussions of a substantial delay in US economic data releases, a consequence of the longest government shutdown in US history. Concerns have intensified over the potential non-publication of critical reports, particularly the October Consumer Price Index (CPI) and employment statistics, should agencies be unable to complete their analyses due to disrupted data collection practices. In light of these uncertainties, investors have tempered their expectations regarding Federal Reserve policy easing this year. Currently, money markets estimate about a 50% chance of a rate cut by December. Despite these uncertainties, gold remains bolstered by continued central bank acquisitions and unwavering demand from investors seeking a hedge against fiscal risks.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback