11 Nov 2025 | 5 Mins Read
Gold prices reach near three-week high on US rate cut speculation
Flipitmoney
Gold rose 0.4% to $4,131.83 per ounce, its highest since October 24, due to growing expectations of a possible U.S. Federal Reserve interest rate cut in December. Traders are pricing in a 64% probability of a 25 basis points rate cut. Fed Governor Stephen Miran suggested a 50-bps rate cut would be suitable, citing falling inflation and a higher unemployment rate.