Due to investors adjusting their positions ahead of the release of U.S. employment data, 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 are supported by 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 expects that in the coming months, the trading price of spot gold will range between $2500 and $2800 per ounce.