Gold price prediction today: Gold prices are expected to be driven by US Federal Reserve’s policy decision and comments by the Fed Chair, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd. He shares his views and recommendations for gold investors: Gold traded near multi-week highs through last week as expectations of a Fed rate cut continued to firm, supported by dovish commentary from policymakers and a series of weak US data releases. Markets are now pricing an 85–90% probability of a 25 bps cut, reinforced by the unexpected 32,000 drop in November’s ADP private-sector jobs—the steepest hiring slowdown since 2023 and the third decline in four months. Softer Treasury yields and a mild geopolitical risk premium after inconclusive US-Russia

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