The Federal Reserve may not cut interest rates due to lagging data, gold prices drop by 1%

Due to market expectations that the Federal Reserve will not cut interest rates, gold prices fell on Monday. Spot gold dropped 1%, priced at $4,044.96 per ounce. December futures gold fell 0.5%, priced at $4,074.5 per ounce. Other precious metal prices were mixed, with December silver prices rising 0.1%, December copper prices falling 1%, January platinum prices falling 0.6%, and December palladium prices falling 0.6%

On Monday (November 17), spot gold and COMEX gold futures prices fell in New York's late trading, with spot gold down 1.00% to $4043.38 per ounce, and COMEX futures down 1.23% to $4043.80 per ounce. At 07:23 Beijing time, spot gold briefly rose to $4106.74, refreshing the daily high, but then continued to weaken, ultimately refreshing the daily low at $4007.09 at 04:00

Silver Edges Higher But Remains Constrained Below $51.00 Amid Mixed Market Signals

Silver (XAG/USD) trades slightly higher at $50.90, up 0.50%, but remains below $51.00 amid mixed market signals. Renewed geopolitical tensions in Asia and upcoming US economic data releases are influencing market sentiment. Investors await labor-market indicators, including Nonfarm Payrolls, which could impact the Federal Reserve's December policy decision. A weaker labor market could support Silver prices, but hawkish Fed officials limit broader rebounds. Market expectations for a December rate cut have decreased.