Gold eased on Thursday (December 11), slipping from a near one-week high, as investors weighed the implications of a divided US Federal Reserve rate cut that offered little clarity on how quickly borrowing costs may decline next year.

Spot gold was 0.2% lower at $4,221.49 per ounce at 0300 GMT after touching its strongest level since December 5 earlier in the session. US gold futures for February delivery rose 0.6% to $4,249.70 an ounce.

In the domestic market, gold prices were steady, with 24-karat gold at ₹13,020 per gram, 22-karat at ₹11,935, and 18-karat at ₹9,765.

Fed’s split vote keeps traders cautious

The Federal Reserve delivered a 25-basis-point cut in a narrow 7–6 vote.

While most policymakers expect another reduction in 2025, the unusually split decision and Chair Jerome Po

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