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Gold surges to $4240 as markets anticipate December Fed easing

(03-Dec-25   14:37)

Gold traded near $4240 per ounce on Wednesday, its highest level in more than a month, as investors increasingly priced in a likely 25 basis point rate cut by the Federal Reserve next week. A subtle cooling in recent US economic data strengthened confidence in further easing. Silver continued its exceptional ascent, rallying more than 100 percent this year and eclipsing gold's nearly 60 percent gain. The persistent softness in the US dollar, down close to 10 percent this year, further elevated demand across precious metals. On MCX, February gold futures advanced 0.5 percent to ₹130400 per 10 grams, inching toward the mid-October record. Traders now await the ADP jobs report and the delayed September PCE data for additional direction.

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