Daily digest market movers Gold prices fluctuate at around $2,620

Gold prices recovered as US real yields rose eight basis points to 2.014%.

The US Dollar Index climbs over 0.16%, up at 107.00.

The CME FedWatch Tool suggests that investors see a 59% chance of a 25-basis-point rate cut at the US central bank’s December meeting, up from 52% a day ago.

The Conference Board’s Consumer Confidence for November expanded by 111.7, up from 109.6, exceeding estimates of 111.3

Data from the Chicago Board of Trade, via the December fed funds rate futures contract, shows investors estimate 22 bps of Fed easing by the end of 2024.