Gold Price 19 November 2025 - 9 December 2025

Spot gold traded near $4,195 per ounce on Tuesday, just below this year’s record high of $4,381, as markets await the U.S. Federal Reserve’s rate decision. Futures markets show about 90% odds of a quarter-point Fed rate cut on Wednesday. Gold prices have surged over 60% in 2025, logging more than 50 record closes. The U.S. dollar hovered at a five-week low, supporting bullion.

Gold traded narrowly around $4,158 per ounce on Thursday, with volumes thin due to the U.S. Thanksgiving holiday. Spot prices hovered between $4,142 and $4,169, little changed from Wednesday’s close. Market focus remains on expectations of a Federal Reserve rate cut in December, with implied odds near 75%. Gold is up over 57% year-on-year.

Spot gold traded between $4,040 and $4,085 per ounce Monday, holding above $4,000 as markets weighed Fed rate cut bets against a strong dollar. Early Asian trade saw prices down about 0.3%, with a modest rebound in European and US hours. December US futures hovered just above $4,100 after an initial drop of around 0.7%. Indian MCX gold futures also declined.