Gold Price Outlook 2025–2026: Gold Holds Above $4,200 as Fed Rate Cut Bets Surge (5–7 December 2025 Update)
Gold is starting December firmly on the front foot. Across 5–7 December 2025, spot prices have hovered around $4,200 per ounce, just shy of recent record highs, as traders brace for a potential U.S. Federal Reserve rate cut at the 9–10 December FOMC meeting.Reuters+2JM Bullion+2 At the same time, a wave of fresh research from banks and asset managers is sketching out a bold roadmap for bullion in 2026, with base cases clustering around $4,000–$4,500 and upside scenarios reaching as high as $5,000 per ounce.Reuters+3State Street Global Advisors+3Exchange Rates UK+3 Below is a deep dive into the latest news, forecasts