On Monday (Dec 30), gold prices fell due to light holiday trading, with investors awaiting upcoming U.S. economic data and policy shifts under the incoming Trump administration. Spot gold dropped 0.6% to $2604.49, and U.S. gold futures fell 0.5% to $2618.10. 

Gold's appeal has risen by nearly 27% this year, driven by geopolitical uncertainties and U.S. rate cuts. As Trump takes office in January, markets expect major policy changes, including new tariffs and tax reforms. Next week, key U.S. economic data will be released to assess the economy’s health.

Gold Prices Dip Amid Light Holiday Trading and Awaited U.S. Economic Data

Dec 31 2024