Producers of metals and other raw materials fell after weak jobs data.
Initial jobless claims rose by 17,000 to 242,000 in the week that ended Dec. 7, the highest level since mid-October.
Gold prices are likely to climb at a more measured pace in 2025 if market conditions hold steady, according to the World Gold Council. Gold futures have risen roughly 30% for 2024 so far, setting new all-time highs, as geopolitical risks have risen and interest rates have fallen.
A rebound in the relative value of the U.S. dollar could limit gains next year even if inflation returns, analysts say.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
12-12-24 1812ET
