Analyst: Gold will continue to show resilience in the first quarter

gold futures fell as investors adjusted their positions ahead of the release of US employment data. Friday's non-farm payroll report is expected to further reveal the direction of the Fed's monetary policy easing, especially the scale and scope of future interest rate cuts. Analysts at BMI pointed out in the report that gold is a standout commodity in 2024. With support from Fed rate cuts and geopolitical tensions, it is likely to demonstrate its resilience as a safe-haven asset in the first quarter of 2025. BMI expects the trading price of spot gold in the coming months to be between $2,500 and $2,800 per ounce.