Gold Price Today 4 December 2025: XAU/USD Holds Around $4,200 as Fed Rate-Cut Bets Intensify
Spot gold traded near $4,200 per ounce in London midday Thursday, down 0.1% on the day but up 59% year-on-year. Prices hovered between $4,176 and $4,217, just below the all-time high of $4,338. Markets are pricing in an 89% chance of a Fed rate cut next week. Central-bank buying and profit-taking after recent highs influenced trading.