Gold futures are down for the week due to stronger U.S. Treasury yields and rate concerns.

From Barron’s: 2024-12-27 12:32:49

Gold futures are down 0.9% at $2,630.90 a troy ounce, heading for a 0.5% weekly loss. The market is focused on 2025 for new catalysts, with gold sliding against stronger U.S. Treasury yields. Pessimism around potential U.S. interest-rate cuts in 2025 has kept downward pressure on gold prices, influenced by hawkish Federal Reserve comments and inflation concerns over President-elect Donald Trump’s policies. Higher interest rates typically reduce the appeal of non-interest bearing assets like gold.



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