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Precious Metals Preview: COMEX gold incurs minor losses in early Asia
05-Dec-2025 08:45

COMEX gold is incurring minor losses on Friday morning in Asia as a stronger US jobs data povided some support to the US Dollar. Data released by the US Department of Labour (DOL) showed that US Initial Jobless Claims for the week ending November 29 declined to 191,000, compared to 218,000 in the previous week. US PCE inflation data to be unveiled later today will be closely monitored for more clues on the Federal Reserve's (Fed) policy outlook ahead of its December meeting. Besides, uncertainty and elevated geopolitical risks could also keep safe-haven flows in gold intact after US President Donald Trump said on Wednesday that the path ahead for Ukraine peace talks is unclear. Currently, the counter is quoting at $4232.50 an ounce, down 0.25% on the day.

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