(Bloomberg) – Gold (GC=F) erased gains as traders traded in the U.S. have prepared for economic data that can help them assess the outlook for interest rates in the coming year.
Most read from Bloomberg
Bullion fell 0.1% to $2,654 an ounce, ending 2025’s first trading day’s advance. Investors are closely monitoring growing concerns about near-term volatility in stock markets.
Meanwhile, two deadly attacks in the US this week fueled market anger, raising domestic security concerns ahead of Donald Trump’s official return to the White House later this month.
Economic data due later on Friday – including US jobless claims and manufacturing reports – will be closely watched for clues on the Fed’s monetary easing trajectory. Low rates are generally positive for bullion, which does not pay interest.
The precious metal surged 27% last year – its strongest rally since 2010 – boosted largely by the Federal Reserve’s rate-cutting cycle, persistent geopolitical risks and a wave of buying by central banks. . The World Gold Council expects prices to rise more slowly in 2025, due to variables such as growth and inflation.
The Bloomberg Dollar Spot Index was down 0.1%. silver (SI = F), palladium (PA=F) and platinum (PL=F) edge.
Most read from Bloomberg Businessweek
©2025 Bloomberg LP
