Due to investors adjusting their positions ahead of the U.S. employment data release, gold futures have declined. Friday's U.S. non-farm payroll report is expected to further reveal the direction of the Federal Reserve's monetary policy easing, particularly the scale and scope of future interest rate cuts. BMI analysts noted in the report that gold is expected to be a standout commodity in 2024. As gold prices gain support from the Federal Reserve's interest rate cuts and heightened geopolitical tensions, it is likely to demonstrate its resilience as a safe-haven asset in the first quarter of 2025. BMI predicts that the trading price of spot gold in the coming months will range between $2500 and $2800 per ounce.