Gold prices fall amid the blurring of interest forecasts in 2025

Gold prices dropped after the holidays during quiet trade, in light of the variation of unemployment claims in the United States, which did not give clear references about the future of lowering interest rates by the Federal Reserve. The price of direct gold reached about 2617 dollars per ounce, after 0.6% rose on Thursday, after a report showing the increase in ongoing requests for US unemployment benefits to the highest level in more than three years, indicating that job seekers are increasingly facing work. On the other hand, the initial requests for subsidies are slightly registered. In comments after the recent Federal Reserve Bank meeting for the year 2024, bank president Jerome Powell confirmed that the labor market is seeing a slowdown that does not cause concern. The federal pointed out that the number of interest rates expected in 2025 reduced, with Powell focusing on the need to achieve more progress in reducing inflation rates. Low interest rates are usually in favor of gold, which does not offer investors returns. The golden road in 2024 recorded the precious metal in successive standard levels this year, and it is on its way to finishing 2024 with an increase of about 28%. Prices have benefited from facilitatic monetary policy in the United States, a greater demand for gold than a safe haven and purchases of the central bank. However, the increase in the increase has recently been delayed with the dollar increase after the election of new US President Donald Trump. The immediate gold price dropped to $ 2617.48 by 11:12 p.m. The dollar Bloomberg index was not recorded, while the prices of silver, platinum and Albadium dropped.