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Gold Price Forecast: XAU/USD edges higher above $4,200 on US rate cut expectations
Gold price (XAU/USD) extends the rally to near $4,230 during the early Asian trading hours on Tuesday. The precious metal edges higher to a near six-week high amid growing expectations of US interest rate cuts. The US Manufacturing Purchasing Managers Index (PMI) contracted for the ninth straight month in November, the Institute for Supply Management (ISM) showed on Monday. The Manufacturing PMI declined to 48.2 in November, versus 48.7 prior, below the estimation of 48.6. Following softer US economic data, traders have increased December rate-cut bets to an 87% chance, according to the CME FedWatch tool. Lower ... (full story)
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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 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 ...
As the global markets settle into December, gold prices are holding firm near US $4,238 per ounce. Despite some daily fluctuations, gold remains resilient, maintaining a steady upward trajectory thanks to a confluence of macroeconomic factors. Recent geopolitical developments, paired with growing expectations for U.S. monetary easing, have propelled gold to ...
