Institution: Federal Reserve meeting is coming soon, gold price slightly fell under the influence of strong dollar.

On December 13th, Jin10 Data reported that the price of gold fell by about 0.5% during the European morning session due to the pressure of a strong US dollar before the Federal Reserve’s monetary policy meeting next week. The market still generally expects the Fed to cut interest rates by 25 basis points in December, but analysts say that the strong November PPI data increases the risk of the Fed suspending interest rate cuts in early 2025. Nevertheless, due to the intensified geopolitical tensions in Eastern Europe and the Middle East stimulating the demand for safe-haven assets, gold is still expected to pump this week. Dutch international analysts said: ‘The main problem in the gold market at present is how quickly the Federal Reserve will relax its policy after Trump wins the US presidential election.’