Gold prices suffer profit taking ahead of likely Fed cut; PCE inflation due
As traders approach another pivotal day for financial markets, a series of crucial decisions and economic data releases that could sway market dynamics are expected on Tuesday, December 2, 2025. Federal Reserve Chair Jerome Powell’s testimony and the JOLTs Job Openings report stand out as the most significant events of the day, potentially providing insights into monetary policy direction and labor market conditions. These high-impact releases come at a time when market participants are carefully analyzing economic indicators for signs of changing trends in employment and Fed policy stance.
Major Economic Events to Watch
• 8:00 PM ET (Monday): Fed Chair Powell Speaks - As head of the Federal Reserve, Powell’s remarks will be closely scrutinized for hints about future monetary policy direction and economic outlook.
• 10:00 AM ET: JOLTs Job Openings (Previous:7.227M) - This Bureau of Labor Statistics survey measures job vacancies and provides crucial insights into labor market conditions and hiring trends.
Other Important Economic Events to Watch
• 10:00 AM ET: Construction Spending (Previous:0.2%) - Measures the change in the total amount spent on construction, offering insights into building sector activity.
• 10:00 AM ET: FOMC Member Bowman Speaks - Federal Reserve Governor Michelle Bowman’s comments may provide additional context on monetary policy considerations.
• 4:30 PM ET: API Weekly Crude Stock (Previous:-1.900M) - The American Petroleum Institute’s inventory report will show crude oil, gasoline, and distillate stock levels, indicating petroleum demand trends.
• 3:30 PM ET: CFTC S&P 500 speculative positions (Previous:-144.1K) - Provides breakdown of net positions for speculative traders in futures markets.
• 3:30 PM ET: CFTC Nasdaq 100 speculative positions (Previous:43.3K) - Shows speculative positioning in Nasdaq 100 futures.
• 3:30 PM ET: CFTC Gold speculative positions (Previous:232.0K) - Indicates market sentiment in gold futures markets.
• 3:30 PM ET: CFTC Crude Oil speculative positions (Previous:74.3K) - Reveals speculative positioning in crude oil futures.
Other Economic Events to Watch
• 8:55 AM ET: Redbook (Previous:5.9%) - Sales-weighted index of year-over-year same-store sales growth in large US general merchandise retailers.
• 10:00 AM ET: Total Vehicle Sales (Forecast:15.40M, Previous: 15.30M) - Measures the annualized number of new vehicles sold domestically.
• 10:10 AM ET: IBD/TIPP Economic Optimism (Forecast:44.2, Previous: 43.9) - Rates the relative level of economic conditions and outlook.
• 3:30 PM ET: CFTC Aluminium speculative net positions (Previous:-0.1K) - Shows speculative positioning in aluminum futures.
• 3:30 PM ET: CFTC Soybeans speculative positions (Previous:39.9K) - Indicates market sentiment in soybean futures.
• 3:30 PM ET: CFTC Corn speculative positions (Previous:-92.4K) - Reveals speculative positioning in corn futures.
• 3:30 PM ET: CFTC Wheat speculative positions (Previous:-70.6K) - Shows market sentiment in wheat futures.
• 3:30 PM ET: CFTC Natural Gas speculative positions (Previous:-142.0K) - Indicates speculative positioning in natural gas futures.
• 3:30 PM ET: CFTC Silver speculative positions (Previous:46.2K) - Shows market sentiment in silver futures.
• 3:30 PM ET: CFTC Copper speculative positions (Previous:39.1K) - Reveals speculative positioning in copper futures.
For further information and the latest updates, please refer to our Economic Calendar, here
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