Gold Rises as Fed Rate-Cut Hopes Grow and Banks Stay Bullish
Yahoo Finance·2025-11-26 19:55
Gold advanced on rising expectations for US interest-rate cuts, while Deutsche Bank AG joined Goldman Sachs Group Inc. in increasing its price forecast for next year. Bullion trade near $4,170 an ounce, up by more than 2% so far this week. Bets the Federal Reserve will lower rates next month have gained traction, with data showing slowing retail sales and declining consumer confidence. Swaps now price in an 80% chance of a quarter-point cut in December. Most Read from Bloomberg Reinforcing prospects for ...