Gold futures surged significantly as the Fed's easing expectations pushed the gold price close to $4200.

Source: BlockMedia Original Title: Gold price surges 1.37% on expectations of Fed easing… Approaching $4200 per ounce Original Link:

Analysis of Gold Price Trends

Gold prices have surged significantly under the influence of the Federal Reserve's monetary policy easing expectations and the depreciation of the dollar. With Kevin Hassett expected to become the next Fed chair, the expectation of interest rate cuts has further strengthened, pushing gold prices close to $4200 per ounce, breaking through recent highs over the past two weeks.

Futures Market Performance

The gold futures traded on the New York Mercantile Exchange ( COMEX ) rose by $56.8 from the previous day, up 1.37% (, closing at $4196.8. This is above the high point of the past two weeks, reflecting the market's broad expectations for interest rate cuts and the trend of dollar depreciation.

Interest Rate Cut Expectations Support

The market generally expects the Federal Reserve to cut interest rates at the December Federal Open Market Committee ) FOMC ( meeting. According to CME FedWatch data, the probability of a 25 basis point ) 0.25% ( rate cut is reflected at over 85%. If Hassett is appointed as the next Fed Chair, the easing policy may accelerate, as he shares economic ideas with President Trump and insists that the benchmark rate should be lower.

Factors of Dollar Depreciation

The US dollar index fell by 0.20% to 99.59, breaking below the 100 mark. This reduces the opportunity cost of gold. MUFG strategists assess that Hassett is expected to provide favorable environmental conditions for gold.

Economic Data and Market Focus

The main economic data from the United States shows a mixed trend. Employment data is better than expected, but indicators related to corporate investment and consumption are overall performing poorly. The market continues to focus on slowing demand and the dovish remarks from Federal Reserve officials.

Geopolitical Impact

The easing of geopolitical tensions has placed certain constraints on the rise in gold prices. References to the possibility of peace negotiations in Ukraine have weakened the preference for safe-haven assets. However, experts generally believe that the overall trend indicates a dominant buying interest in gold, and the upward movement of gold prices will continue.