December Gold futures recovered from early losses to finish the session flat, trading between a low of 4,018.10 and a high of 4,101. Despite the daily recovery, the contract finished the week down 0.83%, marking its third lower weekly close in five weeks. The intraday bounce was fueled by a surge in Federal Reserve rate cut expectations, with the CME FedWatch Tool showing nearly a 70% chance of a reduction at the December 10 meeting. Treasury yields softened across the curve in response. Attention now turns to next week's delayed release of preliminary Q3 GDP and September PCE data, which will likely determine the near-term path for policy and precious metals.
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