Core Viewpoint - Gold prices are stable as traders shift focus from the imminent US Federal Reserve rate cut to the pace of monetary easing expected in 2026 [1] Group 1: Market Trends - Gold is trading just above $4,200 per ounce, having slightly decreased in the previous session [1] - Gold has increased approximately 60% this year, driven by significant central bank purchases and strong inflows into exchange-traded funds [3] - Gold has retreated from a peak of over $4,380 per ounce in late October but remains supported by expectations of further monetary easing in the US [3] Group 2: Federal Reserve Insights - Swap traders anticipate a quarter-point rate cut by the Fed, with expectations now leaning towards two additional cuts by the end of 2026, a reduction from three cuts indicated a week prior [2] - Kevin Hassett, a potential candidate for Fed chair, stated that it would be irresponsible to outline a rate plan for the next six months [2] Group 3: Analyst Predictions - Analysts from BMI suggest that any indication of the Fed pausing its rate cuts could negatively impact gold prices, potentially leading to a drop below $4,000 per ounce as the monetary easing cycle initiated in 2024 loses momentum [4] - As of 10:45 a.m. London time, gold was up 0.3%, while silver rose to around $58.59 per ounce after an earlier decline [4]

Market Trends - Bitcoin sets a fresh high as the market anticipates US monetary easing [1] Analyst Opinion - Analyst suggests the market is betting on US monetary easing [1]