December Rate Hike Odds

Gold edged lower Tuesday as traders weighed a firmer Federal Reserve rate outlook against technical support near the 50-day moving average. The metal remains under downside pressure, but sellers have yet to force a decisive break beneath the key average.

Gold edged lower as traders weighed a firmer Federal Reserve rate-hike path against support at the 50-day moving average. The metal remains under technical pressure, with sellers watching whether upcoming jobs data can shift December policy expectations.