Gold futures fell as investors adjusted their positions ahead of the release of U.S. employment data, Golden Finance reported. Friday's U.S. non-farm payrolls report is expected to further reveal the direction of the Fed's easing of monetary policy, especially the size and scope of future interest rate cuts. BMI analysts pointed out in the report that gold will be the outstanding performing commodity in 2024. Gold is likely to demonstrate its resilience as a safe-haven asset in the first quarter of 2025, as gold prices gain support from Fed rate cuts and high geopolitical tensions. BMI expects spot gold to trade between $2,500-$2,800 an ounce in the coming months.