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Gold gains as hopes of Fed rate cut rise
Business World Philippines
|November 28, 2025
GOLD PRICES hovered near an over one-week high on Wednesday, after expectations the US Federal Reserve will trim interest rates next month kept nonyielding bullion a favored asset.
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Spot gold was up 0.8% at $4,162.99 per ounce at 1:55 p.m. ET (18:55 GMT), after hitting its highest since Nov. 14 earlier in the session. US gold futures for December delivery settled 0.6% higher at $4,165.20 per ounce.
“The focus has shifted away from the dollar and towards a decrease in interest rates in December,” said Marex analyst Edward Meir, noting gold’s rise despite the dollar index being steady.
This story is from the November 28, 2025 edition of Business World Philippines.
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