Gold Claws Back Losses Despite Wider Market Appetite for Risk

Gold snapped a two-day gain as investors scaled back expectations for an interest-rate cut from the Federal Reserve next month.

Bullion fell toward $4,050 an ounce, after rising almost 1% over the prior two sessions. The US won’t publish the October employment report, leaving Fed policymakers without a key piece of data before their final meeting of the year. Meanwhile, minutes of the October gathering showed many officials said it would likely be appropriate to keep rates steady for the rest of 2025.