Gold set for fourth monthly gain as markets wager on US rate cut | Metals Mine

  • Gold set for fourth monthly gain as markets wager on US rate cut

    From brecorder.com

    Gold prices climbed on Friday and were poised for a fourth straight monthly rise, bolstered by investor optimism that the US Federal Reserve would cut interest rates in December. Spot gold rose 0.8% to $4,189.61 per ounce by 0303 GMT, hitting its highest since November 14, and was set for a 3% weekly gain. Bullion is set to register a 3.9% rise this month. US gold futures for December delivery were up 0.5% at $4,221.30 per ounce.“Trading conditions are looking a bit thin liquidity-wise, which is exacerbating some of the market moves. A lot of the moves higher in gold are due to pre-positioning in anticipation of a ... (full story)

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ZforexCM
Nov 28, 2025 12:58am
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Gold traded around $4,190 to $4,200 on Friday and is heading for a fourth monthly rise as markets grow more confident in a December Fed rate cut. Futures now price in an 87 percent chance of easing after dovish remarks from Daly and Waller and rising expectations that Kevin Hassett may take over leadership of the Fed with a lower rate stance.

A weaker dollar and pre-positioning ahead of policy action have supported gains, though repeated attempts to sustain levels above $4,200 have stalled. Support remains near $4,100, and resistance is still found around $4,200.

Silver and platinum continue to rise strongly alongside gold.
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