Gold’s Hang‑Glide: Stays Steady While the Fed’s Final Meeting Looms
In this morning’s session, the glittery gold market has chosen to keep its cool, trading with barely any twitch. Traders are holding their breath for the last Fed meeting of the year, hoping the minutes might nudge the metal a few ticks.
What’s Already In the Bag?
- Rate Cut Already Picked Up – A 25‑basis‑point reduction is fully priced in. The tone of the Fed’s upcoming dot plots and 2025 projections is now the star of the show.
- Fiscal Inflation: The New Whisper – With governments still on the expansion offset, inflation concerns are buzzing louder than ever. Gold is poised to step in as a safety blanket against long‑term price swings.
Why 2025 Matters for the Yellow Gold Party
Looking ahead, the narrative is clear cut: fiscal stimulus will keep idling and inflation will keep nagging. That spells a bigger role for gold as a hedge. If markets start to slack off on monetary worries and chill over fiscal risks, the buzz for gold could skyrocket – especially if higher spend, tariffs, and a semi‑inflationary backdrop bleed into the market.
Technical Tightrope: The 2,700‑2,720 Range
Gold is staying tight in a well‑defined corridor. The $2,700‑$2,720 ceiling is a hard wall for any bullish surge, while the $2,600 floor keeps the buyers humming. The $2,620‑$2,660 band, tested heavily in a 10‑day wind‑up earlier this month, now anchors the current movement.
The Fed’s Tone: Will Gold Keep the Momentum?
Gold’s next moves will hinge on the Fed’s speech. A gentle, gradual rate‑cut message may keep it floundering in the same range for a while. But if fiscal inflation chatter intensifies, that could flip the sentiment and push the price toward that upper boundary again.
Bottom Line
Gold’s stoic performance is a testament to its enduring cool‑headedness, standing firm as a hedge against the growing ‘macro‑uncertainty’ storm.
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