On December 12, London spot gold edged higher in overnight trading, with COMEX gold futures rising 2.01% and SHFE gold up 1.24%. Spot silver simultaneously hit a record high. The Federal Reserve's rate cut decision and its restart of short-term Treasury purchases (Reserve Management Purchases, RMP) to replenish reserves boosted market sentiment, supporting short-term gold price strength.

The Fed's dovish pivot, despite mixed signals from its December meeting—including internal dissent and data-dependent rhetoric—reinforced expectations of monetary easing. Market optimism was further fueled by the central bank's liquidity measures and anticipation of balance sheet expansion, driving gold's rebound.

U.S. jobless claims surged by 44,000 last week, the largest increase since 2020, while continuing claims fell to an eight-month low. Investors now await the November nonfarm payrolls report due December 16, which will include revisions to October data.

Disclaimer: This report is based on publicly available information. No guarantees are made regarding accuracy or completeness. Views expressed are for reference only and do not constitute investment advice. Investors assume all risks.