Group 1: Yemen Situation - Saudi Arabia conducted airstrikes on Mukalla port in Yemen, leading to a nationwide state of emergency declared for 90 days by the Yemeni Presidential Leadership Council [1][2] - The airstrikes targeted weapons and military vehicles unloaded from two Emirati ships that entered Mukalla port without coalition permission [1] - The coalition's actions were described as necessary to protect civilians in the Hadhramaut and Mahra provinces due to the threat posed by the weapons [1] Group 2: Federal Reserve Meeting Minutes - The Federal Reserve's December meeting minutes indicated that most participants supported a rate cut in December, with a consensus on the economy expanding at a moderate pace [3] - Participants noted a rise in inflation since the beginning of the year and expressed uncertainty regarding GDP growth forecasts [3] - The market's expectations for rate cuts have not significantly changed, with traders leaning towards two rate cuts next year rather than three [4] Group 3: Precious Metals Market - Domestic precious metal futures prices experienced a collective decline, with gold and silver contracts dropping by 3.11% and 3.96% respectively [7] - Analysts attribute the recent price drop to a technical correction following previous strong gains and a lack of market liquidity during the holiday season [7] - The outlook for precious metals remains influenced by expectations of Federal Reserve rate cuts and rising demand for safe-haven assets [10][11]

Group 1 - The core viewpoint of the articles revolves around the anticipated interest rate decisions by the Federal Reserve, with a high probability of a 25 basis point cut in December, which could impact gold prices and the broader market [1][2][3] - The CME FedWatch Tool indicates an 88.4% probability of a 25 basis point rate cut in December, with market participants closely monitoring the Fed's statement and Chairman Powell's guidance on future monetary policy [1] - The U.S. manufacturing sector continues to decline, while the service sector shows signs of recovery, with the ISM manufacturing PMI at 48.2% and the ISM services PMI rising to 52.6%, indicating a mixed economic outlook [3] Group 2 - Central banks globally are increasing their gold reserves, with a net addition of 53.9 tons in October, highlighting gold's strategic asset role amid economic uncertainties [2] - China's gold reserves reached 7.412 million ounces (approximately 2305.39 tons) by the end of November, marking a continuous increase for 13 months, reflecting a strong commitment to gold accumulation [2] - The long-term support for gold prices remains robust due to geopolitical uncertainties, rising debt pressures in major economies, and the ongoing trend of diversification away from the U.S. dollar [3]