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Gold steadies on December rate cut bets
Business World Philippines
|November 24, 2025
GOLD PRICES held steady on Friday, after falling over 1% earlier in the session, as traders boosted bets on a December US interest rate cut following dovish US Federal Reserve comments.
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Spot gold was steady at $4,086.57 per ounce, as of 1:48 p.m. ET (18:48 GMT), after falling more than 1% earlier in the session. Bullion is set for a weekly gain of 0.1% so far.
US gold futures for December delivery settled 0.5% higher at $4,079.50 per ounce.
New York Fed President John Williams on Friday said the US central bank could still trim interest rates in the near term, without jeopardizing its inflation goal.
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