Gold Price Hits a 52-Week Low at $3,885.30 as the Fed Reprices Hawkish

Gold broke down hard in Thursday's session, and it broke something with it. Dec-26 gold futures settled at $3,885.30, down 2.88% from the prior close of $4,000.50, a print that put the metal at both a one-month and a 52-week low and erased the range it had built since the election. Three straight down sessions had already ceded the $4,000 round number before Thursday's close drove the final leg lower.

Key Takeaways Dec-26 gold futures settled at $3,885.30 on Thursday, down 2.88%, the one-month and 52-week low after three down sessions had already ceded the $4,000 level. Silver fell back below the $50 handle to $49.97, a one-month total return of minus 15.5% from the early-October print near $…