Gold Extends Losses as Traders Book Profit After Mixed US Data
- Fed seen cutting rates next week, but 2025 path is less clear
- Traders also monitor divergence in New York, London market
This article is for subscribers only.
Gold extended declines after mixed US data prompted investors to book profits following the metal’s four-day advance.
US wholesale inflation unexpectedly accelerated in November on a surge in egg prices, while other categories suggested a muted increase in the Federal Reserve’s preferred price gauge. Meanwhile, applications for US unemployment benefits rose to a two-month high last week.