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Gold up 1%; silver hits record high
Business World Philippines
|December 01, 2025
SPOT GOLD rose 1% to a two-week high on Friday, as expectations that the US Federal Reserve will trim interest rates next month lifted demand for the nonyielding asset, while silver hit a fresh record high.
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Spot gold was up 1.3% to $4,210.94 per ounce by 3:11 p.m. EST (20:11 GMT), after reaching its highest price since Nov. 13 earlier today. Bullion was set for a 3.6% weekly gain and a 5.2% rise for the month, along with a fourth consecutive monthly increase.
Silver climbed to afresh record high of $56.78 per ounce, up 6.1% for the session and 16.6% for the month.
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