Gold Price Above $4,200 as Fed Rate Cut Looms: Silver Hits Record, Oil Slips and Dollar Steadies on December 9, 2025
Gold is heading into the US Federal Reserve's December policy decision near record territory, capping a historic year for precious metals while oil prices wobble on oversupply fears and the dollar holds steady. Together, the moves paint a picture of markets that are optimistic about lower interest rates—but increasingly nervous about bubbles and global growth. On Tuesday, December 9, spot gold traded around $4,215 an ounce by late morning in New York, up roughly 0.6%, while US gold futures for February delivery were near $4,245.Reuters