December Gold futures had a positive close to the week, finishing the fifth session in the last six with a gain. Gold futures are higher at the halfway point of what is historically their weakest seasonal month. The CME FedWatch Tool is pricing in seven rate cuts through 2026. This is a big tailwind for gold prices as more rate cuts are typically a bullish driver for the precious metal. The probabilities for the cuts are not very strong in the near-term, but they are expected to extend on this schedule into 2026.