Gold climbs to over one-week peak as hopes of Fed rate cut rises | Metals Mine

  • Gold climbs to over one-week peak as hopes of Fed rate cut rises

    From msn.com

    Gold prices hovered near an over one-week high on Wednesday, after expectations the U.S. Federal Reserve will trim interest rates next month kept non-yielding bullion a favoured asset. Spot gold was up 0.8% at $4,162.99 per ounce at 01:55 p.m. ET (18:55 GMT), after hitting its highest since November 14 earlier in the session. U.S. gold futures for December delivery settled 0.6% higher at $4,202.3 per ounce "The focus has shifted away from the dollar and towards a decrease in interest rates in December," said Marex analyst Edward Meir, noting gold's rise despite the dollar index being steady. [USD/] Rate cut bets "are ... (full story)

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ZforexCM
Nov 27, 2025 1:44am
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XAUUSD
Gold hovered near $4,160–$4,200, sustaining its strongest levels in over a week as markets leaned heavily toward a December Fed rate cut. Traders now assign roughly an 85% probability of easing, a dramatic jump from about 30% a week ago, helped by softer confidence data, steady unemployment claims, and increasingly dovish rhetoric from policymakers. Speculation that Kevin Hassett may replace Jerome Powell, a candidate seen as supportive of lower rates, further strengthened bullion’s appeal despite a steady dollar.

From a technical view, support is seen near $4090, while resistance is positioned around $4200.
R1: 4200 | S1: 4090
R2: 4240 | S2: 4010
R3: 4380 | S3: 3950
Attached Image (click to enlarge)
Click to Enlarge Name: gold-softens-but-stays-elevated-4849.png Size: 36 KB
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Pannu33
Nov 27, 2025 7:41am
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Whatever
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Trader#2FDF
Nov 27, 2025 9:01am
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ZZzZzzzz non-sense lolzzz
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