Gold slipped on Tuesday under pressure from a stronger dollar and rising Treasury yields as investors focused on the Federal Reserve's final policy meeting of the year, with growing expectations of gradual rate cuts in 2025. The Fed is widely expected to announce a 25 basis point rate cut, and its latest economic forecasts and dot plots are also in the spotlight, which could reshape expectations for the trajectory of interest rates in 2025 and 2026. "So the question is whether the Fed will be more hawkish or more dovish than the market now expects," said market analyst Fawad Razaqzada. "Because of Trump's agenda, one would expect the Fed to be more cautious at this stage in terms of being open to further rate cuts."