Gold price today, Monday, December 1: Gold rises above $4,200 as Bitcoin, stock futures decline

Core Insights - Gold futures opened at $4,218.50 per ounce, down 0.9% from the previous closing price of $4,254.90, with early trading seeing prices rise to nearly $4,300 [1][4] - The recent surge in gold prices is occurring alongside declines in cryptocurrencies and stock futures, indicating a potential de-risking by investors [2] - There is a high probability (87.6%) that the Federal Reserve will reduce interest rates by a quarter-point next week, which typically benefits gold prices [3] Gold Price Trends - The one-year gain for gold as of November 14 was 63.4% [4] - Over the past week, gold prices increased by 3.9%, and over the past month, they rose by 4.6% [9] - Year-over-year, gold prices have increased by 60% [9] Factors Influencing Gold Prices - Key factors affecting gold prices include geopolitical events, central bank buying trends, inflation, interest rates, and mining production [12]