Gold Moves Lower

2025-12-04 01:59 By Kyrie Dichosa 1 min. read

Gold eased to about $4,180 per ounce on Thursday as profit-taking and caution ahead of next week’s FOMC meeting weighed on sentiment.

Traders are now looking to Friday’s delayed September PCE report for further direction.

Meanwhile, the November ADP reading showed an unexpected loss of 32,000 private sector jobs, far below expectations for a 10,000 gain and marking the third decline in four months.

This reflects the steepest hiring slowdown since 2023 and adds to concerns about a cooling labor market.

The data aligned with dovish commentary from Fed officials, who emphasized the need to address slower job growth.

In response, rate futures priced in nearly a 90% chance of a 25 bps cut next week.

Geopolitical tensions also offered some support for gold, after US-Russia talks on the Ukraine war ended without progress.



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