Fed, Gold and Rate Cut
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Gold prices rose to around $4,175 per ounce on November 25, boosted by expectations of a US Federal Reserve rate cut in December. BofA predicts gold could average $4,538 per ounce in 2026, with potential to reach $5,
Commodity wrap: gold climbs to one-week highs as Fed rate-cut bets surge; oil prices remain volatile
Gold prices hit a one-week high as market bets on a US Federal Reserve rate cut next month surge to 83% following dovish comments.
Gold is shrugging off Tuesday’s small dip and pushing to multi-day highs above $4,170 per troy ounce on Wednesday. The move higher comes as the US Dollar (USD) loses some steam again, even though US Treasury yields are trying to rebound across the curve.
MCX Gold December futures were 1% up at ₹1,25,106 per 10 grams around 9:15 am. MCX Silver December contracts were 1.34% up at ₹1,56,551 per kg at that time.