06 Nov 2025 | 5 Mins Read
Gold jumps to $4,000/oz amid dollar downturn
Flipitmoney
Gold rose 0.7% to $4,011.79 per ounce, driven by a weaker dollar and U.S. government shutdown concerns. UBS analyst Giovanni Staunovo expects $4,200/oz by year-end, citing further Federal Reserve rate cuts. The dollar fell 0.2%, making gold cheaper for other currency holders. Market participants see a 63% chance of a Fed rate cut in December, down from 90%.