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GOLDFXCC™ – Live Market Outlook

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Publication date: 01 Dec, 10:52

XAUUSD Moving well +400pips

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GOLDFXCC™ – Live Market Outlook

Publication date: 30 Nov, 21:26

Will the Fed Spark a New Breakout Next Week? - Gold closed the week at $4,215.82, putting it back within reach of its all-time high at $4,381.44. The rally gained strength from a weaker U.S. dollar, rising expectations for a December Fed rate cut, falling Treasury yields, and steady global safe-haven demand. - Spot Gold is firmly above the key pivot at $4,133.95, turning that level into support and leaving the minor top at $4,245.20 as the next barrier. A break above this area could trigger a quick move toward the record high, especially with gold already up 59% over the past year. - The U.S. Dollar Index slipped to 99.479, making gold more affordable for overseas buyers and helping restore upward momentum. Meanwhile, rate-cut expectations surged sharply, with December odds jumping from 30–35% to 70–80%. Fed officials, including New York Fed President John Williams, hinted that more easing remains on the table. With the federal funds rate holding at 3.75%–4.00% after two earlier cuts, the falling opportunity cost of holding gold continues to attract investors. - Bond markets confirmed the shift. The 10-year Treasury yield dropped to 4.017%, reducing the appeal of U.S. government debt and adding further support to non-yielding assets like gold. - Globally, geopolitical tensions remain supportive. U.S. GDP held near 2.7%, job growth slowed to 119,000 in September, unemployment edged up to 4.4%, and central banks bought 634 tonnes of gold in Q3 — a 28% increase from the previous quarter. - Heading into the December 9–10 Fed meeting, the outlook stays bullish. A rate cut would likely open the door for a retest; and possible break of the $4,381.44 record.

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GOLDFXCC™ – Live Market Outlook

Publication date: 30 Nov, 21:05