-
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)
- Comments / Top
- Subscribe
-
Related Stories
From parameter.io | Dec 1, 2025
Gold remained near its highest level in six weeks on Monday, trading at $4,240.55 per ounce after touching $4,256.20 earlier in the day. The metal posted a gain of more than 4% during the previous week. A weaker US Dollar Index, which fell to a two-week low, made gold more affordable for buyers using other currencies. Safe-haven demand also contributed to ...
From msn.com | Dec 1, 2025
Gold prices rose to a six-week high on Monday, supported by growing expectations of U.S. interest rate cuts and a sliding dollar, while silver struck a record high ahead of key U.S. economic data. Spot gold was up 0.3% at $4,241.27 per ounce, as of 1:44 p.m. ET (1844 GMT), its highest since October 21. U.S. gold futures for February delivery settled 0.5% ...
From beemarkets.com | Nov 30, 2025
Major financial institutions are increasingly confident that gold prices will reach unprecedented levels in 2026, as key structural drivers remain firmly in place. These include the ongoing trend of net gold purchases by central banks and a widely anticipated continuation of interest rate cuts by the US Federal Reserve, both of which reinforce investor ...
