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GOLD: US Rate Cut Expectations in Focus for Gold.

GOLD
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  • As this week’s Federal Reserve Monetary decision appears a near certainty, yet markets are now looking through that to the risks for 2025.
  • Rate cuts are good for gold as it reduces financing costs and for 2025 Gold traders are looking at the economic data in the US and questioning whether the three cuts in rates next year is appropriate.
  • Having endured two down days in succession, Gold opened this morning in Asia at US$2,648.23 following a very heavy US close, moving only marginally higher to $2,653.86.
  • The recent weakness will have little impact on what has been a strong year for gold prices, largely due to expectations for US Rates, yet also evidence that key Central Banks such as China’s PBOC are increasing their purchases of the precision commodity.
  • The World Gold Council’s forecast for Gold in 2025 is for a modest increase and no doubt will face the ever present challenges from growth and inflation (and hence the FED) as well as geo-political upheaval. 
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  • As this week’s Federal Reserve Monetary decision appears a near certainty, yet markets are now looking through that to the risks for 2025.
  • Rate cuts are good for gold as it reduces financing costs and for 2025 Gold traders are looking at the economic data in the US and questioning whether the three cuts in rates next year is appropriate.
  • Having endured two down days in succession, Gold opened this morning in Asia at US$2,648.23 following a very heavy US close, moving only marginally higher to $2,653.86.
  • The recent weakness will have little impact on what has been a strong year for gold prices, largely due to expectations for US Rates, yet also evidence that key Central Banks such as China’s PBOC are increasing their purchases of the precision commodity.
  • The World Gold Council’s forecast for Gold in 2025 is for a modest increase and no doubt will face the ever present challenges from growth and inflation (and hence the FED) as well as geo-political upheaval.