Gold prices recorded their worst monthly performance last November since September 2023, under pressure from strong selling waves following Donald Trump’s victory in the US presidential elections. Next week, the markets are awaiting key US data on the labor market and industrial and service production, in search of more indicators about the direction of the Federal Reserve’s monetary policy.
The price of gold in spot transactions rose by about 0.2%, or the equivalent of $5.22, at the close of trading last Friday, reaching levels of $2,643.16 per ounce. The prices of US gold futures contracts for February 2025 delivery increased by 0.61%, or the equivalent of $16.2 per ounce, reaching levels of $2,681.
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