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Gold poised for fourth monthly gain on Fed rate cut optimism
Gold prices rose on Friday to a two-week high and were on track for a fourth straight monthly rise on optimism over a possible U.S. Federal Reserve rate cut in December. An outage at CME Group stopped trade on its currency platform and in futures spanning foreign exchange, commodities, Treasuries and stocks. U.S. gold futures for December delivery were at $4,221.30 per ounce ahead of the outage. Spot gold was up 0.4% at $4,171.76 per ounce by 1314 GMT, its highest since November 14, and was set for a 2.6% weekly gain. Bullion is set to register a 4.2% rise this month. "The underlying sentiment (in gold) remains very ... (full story)
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- Dec 1, 2025 4:23am Posted byFundamental Analysis196
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