Gold Near $4,150 as Fed Rate-Cut Bets Surge on Tame US PPI and Dovish Signals
Gold rose to $4,147 per ounce on November 25, its highest since mid-November, as traders increased bets on a December US Federal Reserve rate cut. Markets now price an 81% chance of a quarter-point cut, up from about 40% last week. Fresh US PPI data showed only moderate inflation pressures. Gold is up roughly 50–55% year-to-date.