Gold hits more than one-week high as Fed remarks renew rate-cut bets | Metals Mine

  • Gold hits more than one-week high as Fed remarks renew rate-cut bets

    From brecorder.com

    Gold extended gains on Tuesday to hit its highest in more than a week, brushing off a firm dollar, after dovish comments from Fed policymakers revived prospects of a US rate cut in December. Spot gold rose 0.1% to $4,140.85 per ounce by 0457 GMT, the highest since November 14, building on a 1.8% advance on Monday. US gold futures for December delivery were 1.2% higher at $4,141.20 per ounce. “(Gold is primarily being) driven by expectations of a rate cut in the last two weeks and since expectations shot up (rapidly), it caused gold prices to recover in the short term,” OANDA senior market analyst Kelvin Wong ... (full story)

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ZforexCM
Nov 25, 2025 2:16am
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Gold Rises on Stronger Fed Cut Bets

Gold climbed toward $4,140 per ounce on Tuesday, extending Monday’s gains as expectations for a December US rate cut strengthened following fresh dovish Fed signals. The metal jumped nearly 2% after Fed Governor Christopher Waller backed a December cut, citing continued labor-market weakness, while NY Fed President John Williams also said another near-term reduction is possible. Markets now assign an 81% probability to a 25bps December cut, up from about 40% a week ago.

From a technical view, support is seen near $4100, while resistance is positioned around $4170.
R1: 4170 | S1: 4100
R2: 4210 | S2: 4030
R3: 4250 | S3: 3992
Attached Image (click to enlarge)
Click to Enlarge Name: gold-rises-on-stronger-fed-cut-bets-4832.png Size: 92 KB
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SaidNunes
Nov 25, 2025 4:40am
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I am confident in the interest rate cut; I remain long.
Reply
Trader#A306
Nov 25, 2025 2:57am
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Keep calm and sell gold.
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