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[Gold and Silver Prices Pull Back, Market Focuses on Fed Rate Cut Clues and Chair Nominee] On December 2, gold prices continued to decline, while silver retreated from the record high set yesterday. Swissquote Bank analyst Carlo Alberto De Casa stated that some traders chose to take profits after gold prices rebounded from $4,000 to $4,250. Data shows that U.S. manufacturing contracted for the ninth consecutive month in November. Investors are closely watching the November ADP employment report and the September PCE index for clues on a potential rate cut at next week's Federal Reserve meeting. Meanwhile, the market is awaiting President Trump's announcement of the new Federal Reserve Chair nominee, with White House National Economic Council Director Hassett as the leading candidate. De Casa expects gold prices to consolidate between $4,000 and $4,400 in the coming weeks and noted that a Fed rate cut could drive gold prices higher.