Before the Federal Reserve policy meeting, gold prices fell as traders cautiously awaited clues regarding the Federal Reserve's policy outlook for 2025. Gold Futures dropped by 0.4% to $2,652.75 per ounce. Analysts stated that the market pricing has fully reflected the widely expected 25 basis point rate cut, but the possibility of further cuts is minimal. Meanwhile, US PMI data showed that the services sector is growing faster than expected. ANZ Research Analysts stated, "The resilience of the US economy supports our view that the Federal Reserve may implement a 'shallow cut' in 2025. We anticipate that future Federal Reserve actions will be gradual."