# Gold prices edge up, remains pressured by strong dollar after hawkish Fed By Investing.com

> Spot gold edged up 0.2% to $2,616.95 per ounce on December 23, remaining under pressure after the Fed's hawkish shift. Traders now expect only two quarter-point cuts in 2025, compared with four expected before the meeting.

- Date: 2024-12-24 · published 2024-12-24T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/26853-gold-prices-edge-up-remains-pressured-by-strong-dollar-after-hawkish-fed-by
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Gold's stalled recovery reflects a strong dollar and higher-for-longer rate expectations, the same forces that weigh on other dollar-priced commodities. For feed buyers this is a routine price update with limited direct effect on feed markets.

## Read by commodity

- DXY: bullish ▲

## Sources

- investing.com: https://www.investing.com/news/commodities-news/gold-prices-edge-up-remains-pressured-by-strong-dollar-after-hawkish-fed-3787822

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.