Gold Holds Bearish Bias Near November 2025 Lows as US PCE Data Awaited

Key Facts

As markets await US inflation data, gold retains its bearish bias near its November 2025 lows amid fading Federal Reserve rate hike bets. Traders are eyeing the upcoming US PCE inflation report for direction, according to market reports.

Gold has faced continued pressure in recent days from a strong dollar and rising bond yields, though diminishing expectations of further rate hikes have limited deeper losses. Recent US jobless claims came in slightly weaker than forecast, reinforcing expectations that the Fed will hold rates steady at its next meeting.

Markets are now focused on this week's US PCE data release, which could determine gold's short-term trajectory. A softer-than-expected reading might support the precious metal, while a strong print could add downward pressure. Gold remains sensitive to shifts in rate expectations.