Gold Price Today (Dec. 19, 2025, 4:48 PM ET): Spot Gold Near $4,338 as Fed-Cut Bets Clash With a Firmer Dollar; 2026 Forecasts Point to $4,450–$5,000
Spot gold held near record highs at $4,338.20 per ounce at 4:48 p.m. ET Friday, as softer U.S. inflation data and rate cut bets clashed with a firm dollar. U.S. gold futures settled at $4,387.3. The U.S. dollar index stood at 98.62, while silver hit a record intraday high of $67.45 per ounce before closing at $67.14.