FXEmpire.com - Key Insights Gold prices fluctuate ahead of the Federal Reserve’s year-end meeting, influenced by U.S. labor market and inflation data. Quick Fundamental Outlook Gold prices are subdued ahead of the Federal Reserve’s year-end meeting, influenced by strong U.S. labor market data and persistent inflation, which reduce expectations of early 2024 rate cuts. The Relative Strength Index (RSI) is at 27, indicating potential oversold conditions, while the Moving Average Convergence Divergence (MACD) suggests continued bearish sentiment.