Gold Price Today, 28 November 2025: Bullion Near $4,200 as Fed Cut Bets and CME Outage Fuel Volatile Rally
Spot gold traded near $4,200 per ounce Friday, just below record highs, as investors bet on a December U.S. Federal Reserve rate cut and a weaker dollar. A CME Group outage briefly halted futures trading, with COMEX gold last quoted near $4,220/oz. Gold is up about 60% year-to-date and on track for its best annual performance since 1979. Indian gold prices also rose, tracking global gains.