empty
 
 

2025.11.1402:01:46UTC+00Gold Set for Best Week in Four

Gold prices surged past $4,190 per ounce on Friday, poised for their strongest weekly performance in a month. This increase was fueled by a weakened dollar and uncertainties stemming from a backlog of official data after the reopening of the US government. Kevin Hassett, Director of the National Economic Council, commented that some October figures might "simply never show up" due to disruptions in data collection during the shutdown. While some reports might soon surface, others risk being permanently lost, contributing to heightened caution regarding the nation's economic prospects. Nevertheless, the upward momentum in gold was tempered as Federal Reserve officials remained hesitant about further monetary easing. Market expectations for a December rate cut by the Fed have diminished, with the likelihood of a 25-basis-point reduction now at approximately 50%, compared to over 95% a month prior. Meanwhile, predictions regarding rate cuts in 2026 remain unchanged.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback