The Federal Reserve is set to conclude its final Federal Open Market Committee (FOMC) meeting of the year on Wednesday, December 18. Investors widely expect a third consecutive rate cut, with the CME's FedWatch tool indicating a 95.4% probability of a 25-basis-point reduction, which would bring the Fed's benchmark rate to between 4¼% and 4½%.

Gold futures are currently in the midst of a price correction after hitting a double top near $2,750. On Wednesday, December 11th, gold opened at $2,721 and reached an intraday high of $2,760, the highest level since the $2,654 low on December 6th.

The gold market experienced significant turbulence recently, with prices dropping approximately $50 following the release of the November Producer Price Index (PPI) report. This sudden movement highlights the complex interplay between economic indicators, market sentiment, and commodity pricing.

Gold futures have experienced a remarkable week of gains, climbing nearly $100 per troy ounce across three consecutive trading sessions. The recent price surge coincides with the latest Consumer Price Index (CPI) report, which reveals a persistent inflationary trend that has caught the attention of financial markets and Federal Reserve officials.

Gold futures have surged significantly, with the February 2025 contract gaining $34.90, or 1.30%, to reach $2,717.80 per troy ounce. This breakthrough comes after an extended period of consolidation, marking a notable shift in the precious metal's trading pattern.

Gold prices basis the most active February contract a a significant gain today of $20.10 or 1.06%, taking gold to $2683.

The latest U.S. employment data has painted a complex picture of the economic landscape, with significant implications for gold markets, monetary policy, and investor strategies.

Gold prices experienced a moderate decline on Thursday, with the February futures contract settling at $2,653.90, down $20.30 or 0.76%. The precious metal's potential losses were mitigated by a concurrent weakening of the US dollar, which dropped 0.58% to 105.692 on the index.

The gold market experienced limited gains today, with the most active February futures contract settling at $2,673.40, reflecting a modest gain of $7.20 or 0.27%. The market's performance was influenced by the interplay of economic indicators, Federal Reserve commentary, and shifting monetary policy expectations.

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We are excited to share an exclusive preview of our Gold and Silver Outlook 2025. The video now available on our members page represents the first draft of our comprehensive analysis, which includes a detailed exploration of gold's remarkable journey from $300 to its historic all-time high of $2,800 this year.