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Precious Metals Preview: COMEX gold holds steady ahead of Fed decision
10-Dec-2025 09:12

COMEX gold continues to hold steady above $4200 mark amid cautious moves ahead of Federal Reserve policy decision due this week. Currently, the yellow metal is quoting at $4236.20 an ounce, flat on the day. Data from US Labor Department's JOLTS report showed yesterday that job openings rose to 7.67 million in October, beating forecasts of 7.20 million. This report indicated a strong labor market, which could weigh on rate cut expectations. Meanwhile, official data over the weekend showed that the People's Bank of China (PBoC) added to its gold reserves for a 13th straight month. Bullion held by the Chinese central bank rose by 30,000 troy ounces last month, bringing the total to around 74.12 million troy ounces.

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