Gold rose again: the price per ounce exceeded $4000
3 November 2025 14:18
The price of gold rose on Monday morning, November 3. This follows from the trading data.
The price of the December gold futures on the New York Comex exchange increased by $15.1 against the previous close, or 0.38%, to $4,011.6 per troy ounce, "Komersant Ukrainian" reports.
December silver futures rose 0.65% to $48,475 per ounce.
At the same time, analysts warn that the easing of trade tensions could negatively affect demand for the asset.
on October 29, the Fed cut the rate by 25 basis points for the second time in a year, but statements by Chairman Jerome Powell raised doubts about further monetary policy easing in 2025.
According to CME’s FedWatch Tool, traders currently estimate the probability of a new rate cut in December at 71%, while before Powell’s speech, this figure exceeded 90%.
Gold, which does not generate income, usually rises in price during periods of low rates and economic instability. Investors are closely watching the publication of ADP employment data in the US and the ISM PMI index, which may affect the Fed’s decision.
Trade tensions between the US and China
In early October, trade tensions between China and the United States escalated again. on October 9, Beijing imposed severe restrictions on the export of rare earth minerals and technologies, which provoked a sharp reaction from Washington.
Already on October 11, the United States announced the introduction of 100% duties on Chinese goods and control over the export of critical software.
US President Donald Trump explained that such measures were a response to China’s “extremely aggressive stance.” The new duties were to take effect on November 1, 2025.
Amid the trade conflict, gold prices rose sharply, hitting a record high of $4381.52 an ounce on October 20, before falling sharply.
Last week, Trump announced that he had agreed to reduce tariffs on Chinese goods in exchange for Beijing’s concessions to combat the illegal trade in fentanyl, increase purchases of American soybeans, and relax controls on the export of rare earth elements.
