Gold price today, Wednesday, December 17: Gold opens above $4,300, rises after shaky employment report

Gold (GC=F) futures opened at $4,333.50 per troy ounce Wednesday, nearly even with Tuesday’s closing price of $4,332.30. The price of gold rose in early trading. Gold’s one-year gain ties its last peak, achieved on Nov. 14. Traders may be betting on more interest rate cuts in 2026, after November’s shaky employment report. The unemployment rate was 4.6%, one-tenth of a point higher than the median forecast and six-tenths of a point higher than it was in January. Unemployment has not exceeded 4.5% since ...