Gold prices fell on Friday after hitting a five-week high, mainly due to a stronger U.S. dollar. However, they still posted a weekly gain of over 0.8%. With a 97% chance of a Fed rate cut next week, gold remains supported. Despite strong growth this year driven by loose monetary policies and safe-haven demand, analysts expect stronger U.S. economic growth in 2025 could limit further rate cuts and reduce gold's upside potential.

Gold Dips as Dollar Rises, but Weekly Gains Remain Amid Fed Rate Cut Hopes

Dec 16 2024