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Gold hits six-week high on rate cut optimism
Gulf Today
|December 02, 2025
Gold prices climbed to their highest level in six weeks on Monday, driven by expectations of a US interest rate cut this month and shifts in Federal Reserve leadership, while silver touched a record.
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Spot gold was up 0.68 at $4,255.98 per ounce, as of 1239 GMT, its highest since October 21. US gold futures for February delivery gained 0.88 to $4,290.70.
Silver was up 1.98 at $57.46 per ounce after hitting an all-time high of $57.86 earlier.
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