Gold futures slipped as investors adjusted their positions ahead of the release of U.S. jobs data. Friday's U.S. non-farm payrolls report is expected to shed further light on the direction of Federal Reserve monetary easing, particularly the size and scope of future interest rate cuts. In the report, BMI analysts noted that gold is the outstanding performer among commodities in 2024. With gold prices gaining support from Fed rate cuts and high geopolitical tensions, it is likely to demonstrate its resilience as a safe-haven asset in Quarter 1, 2025. BMI expects spot gold to trade between $2,500-2,800 an ounce in the coming months.