Gold Set for Monthly Gain on US Rate-Cut Bet
Gold | 2025-11-28 10:09:22
Investors are also pricing in three additional cuts by the end of 2026.
By Paul Ploumis
SEATTLE (Scrap Monster): Gold prices rose to around $4,190 per ounce on Friday, approaching a five-week high and on track for a fourth consecutive monthly gain, as investors grew more confident of a December Federal Reserve rate cut.
A series of remarks from Fed officials supporting further monetary easing, along with delayed economic data showing weakness, has reinforced expectations.
Additionally, Kevin Hassett, seen as a frontrunner to replace Jerome Powell, has echoed President Trump’s support for a rate reduction.
Markets now price in more than an 80% probability of a 25 bps cut next month, up sharply from 30% a week ago.
Investors are also pricing in three additional cuts by the end of 2026.
The metal is poised for its strongest annual performance since 1979, supported by heavy central-bank buying and strong non-sovereign inflows into ETFs.
Courtesy: www.tradingview.com
