Gold price today, Wednesday, November 26: Gold surpasses $4,170 on expectations for lower interest rates

Market Overview - Gold futures opened at $4,128.60 per ounce on Wednesday, down 0.3% from Tuesday's close of $4,140, with early trading seeing prices rise above $4,170 [1][2] - The price of gold has shown significant growth, with a one-year gain of 63.4% as of November 14 [4][7] Economic Indicators - U.S. retail sales increased by 0.2% in September, a slowdown from the 0.6% gain in August, while the Producer Price Index for final demand rose by 0.3%, aligning with expectations [2] - These softer retail sales and stable prices suggest a potential rate reduction at the Federal Reserve's next meeting in December [2] Federal Reserve Chair Candidate - Kevin Hassett, currently the director of the White House National Economic Council, is favored to become the next U.S. Federal Reserve chair, supporting President Trump's interest-rate agenda [3] - Analysts anticipate that Hassett would advocate for quick rate cuts, which typically lead to higher gold prices as gold becomes more competitive against interest-bearing assets [3] Investment Options in Gold - Common methods for investing in gold include physical gold, gold mining stocks, gold ETFs, and gold futures [8] - Each investment option has its own advantages and disadvantages, impacting investor decisions based on risk tolerance and market conditions [11][19][20]