Gold is rising again: what are the reasons
26 November 2025 15:18
The price of gold rose to a nearly two-week high after the publication of economic data from the United States, which increased expectations that the Federal Reserve might cut interest rates in December. This also put pressure on the dollar and supported demand for the precious metal as a protective asset.
This is reported by "Komersant Ukrainian" with reference to the Reuters publication.
On Wednesday, the price of gold rose to almost a two-week high amid expectations of an interest rate cut by the US Federal Reserve in December and a weaker dollar. The spot price of the metal rose by 0.7% to reach $4156.89 per ounce, the highest since November 14. Gold futures for December delivery rose 0.4% to $4154.10 per ounce.
Spot silver rose to $51.85 an ounce, platinum fell to $1552.50, and palladium remained at $1396.80.
“Expectations for a December rate cut are increasing due to dovish statements from Fed officials and favorable economic data, which is supporting gold’s rise,” said Tim Waterer, chief analyst at KCM Trade.
The latest data showed that US retail sales in September rose less than expected, and the producer price index for the year remained at 2.7%, which supports market expectations for monetary policy easing.
The dollar touched a one-week low as investors expect that Fed chairman candidate Kevin Hassett may steer policy in a more accommodative direction. This makes gold, which is pegged to the dollar, more attractive to investors.
Yields on 10-year US Treasury bonds remained near one-month lows, and the probability of a Fed rate cut in December is estimated at 85%.
