2025-12-12 01:05:48 pm | Source: Accord Fintech
Gold futures finish sharply higher after Fed rate cut
Gold futures finished sharply higher on Thursday, marking a seven-week high after the Federal Reserve announced its third 25 bps cut of the year and maintained a less hawkish tone than markets anticipated. Meanwhile, jobless claims for the week of December 6 jumped to two month high. Labor market cooling intensified bets that the US central bank might deliver two rate cuts in 2026.
Gold futures for February delivery up by $88.3 or 2.1% to settle at $4,313.00 an ounce on the Comex division of the New York Mercantile. While, spot gold down by $12.97 or 0.30% to $ 4,267.21 an ounce.
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