Gold Price Today Near Record Highs: Latest Forecast and Key Drivers (29 November 2025)
Gold hovered near $4,220 per ounce on 29 November, just below record highs, as traders bet heavily on a U.S. Federal Reserve rate cut in December. Spot prices have surged nearly 60% year-on-year, marking the strongest annual rally since 1979. A brief CME Group outage added volatility to futures trading. Silver also hit fresh records amid broad gains in precious metals.