Gold Pauses its Rise as Markets Eye Rate Decision
December 12, 2024 (Investorideas.com Newswire) Investorideas.com (www.investorideas.com), a go-to platform for big investing ideas releases market commentary from Tito Iakopa, Commercial Director at Flow Community.
"Gold paused its climb following a recent multi-day rally as market participants evaluated the latest U.S. inflation data. Headline inflation rose as expected, while core inflation held steady. This dynamic has driven higher long term U.S. Treasury yields, tempering gold's upward momentum.
Despite these factors, sentiment toward gold remains bullish. Expectations for a 25-basis-point rate cut next week, with fed funds futures indicating a 98% probability, are providing near-term support. Additionally, the European Central Bank is expected to announce a rate cut today and signal further easing measures for 2025, aligning with global monetary policy trends that could favor gold.
Focus is now shifting to the upcoming U.S. Producer Price Index, which will offer critical insights into the Federal Reserve's policy trajectory for 2025. Meanwhile, geopolitical tensions in Ukraine and the Middle East continue to contribute to gold demand. Sustained central bank purchases and potential economic uncertainties, including the possibility of new tariffs under a potential Trump administration, are also expected to support further gains for the yellow metal."
Disclaimer/Disclosure: disclaimer and disclosure info https://www.investorideas.com/About/Disclaimer.asp
Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
Learn more about our news, PR and social media, podcast sponsorship and ticker tag services at Investorideas.com
https://www.investorideas.com/Investors/Services.asp
Learn more about digital advertising and guest posts
https://www.investorideas.com/Advertise/
Follow us on X @investorideas @stocknewsbites
Follow us on Facebook https://www.facebook.com/Investorideas
Follow us on YouTube https://www.youtube.com/c/Investorideas
Sign up for free stock news alerts at Investorideas.com
https://www.investorideas.com/Resources/Newsletter.asp
Contact Investorideas.com
800 665 0411
