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Gold rises more than 1% on Fed rate-cut bets, slowdown worries
Gold prices rose more than 1% on Monday, buoyed by expectations of another Federal Reserve interest rate cut in December and a slew of weak economic data that raised global slowdown worries. Spot gold gained 1.4% to $4,053.40 per ounce by 0435 GMT. US gold futures for December delivery rose 1.3% to $4,062.40 per ounce. “Gold is catching a solid bid from traders to kick off the week, with the precious metal rising on anticipation that a rate cut could still arrive next month, even though the Fed has been downplaying the chances of it occurring,” KCM Trade Chief Market Analyst Tim Waterer said. The US economy shed ... (full story)
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From marketpulse.com | Nov 10, 2025
Gold prices saw a sharp rise at the start of the trading week. The precious metal is trading up around 2% on the day and holding near the 4100/oz handle. Last week, new data (data from 3rd party sources) came out showing that the US economy lost jobs in October, particularly in government offices and retail stores. Adding to this bad news, a report on ...
