Alors que l' attention moved to data on personal consumer spending in the United States, expected later today, gold prices were poised for a weekly drop on Friday after the Federal Reserve's verdict on its monetary policy easing cycle signalled a slowdown in rate cuts

Spot gold was little changed at $2,596.89 per ounce at 0326 GMT, and has lost around 2% since the start of the week. US gold futures rose 0.1% to $2,611.30. According to Soni Kumari, commodity strategist at ANZ, gold is consolidating as “investors expect Trump to return to office next year and the Fed will also meet meeting by meeting, taking into account the evolution of the data and seeing what is part of Trump's

When it comes to other metals, silver had its worst week since December 2023. Spot silver fell 0.4% to $28.92 per ounce. Platinum fell by 0.3% to $920.80 and palladium settled at $906.47. Both metals were ready for weekly losses.