Gold price today, Thursday, December 11: Gold opens higher, near $4,250, after rate cut

Group 1: Gold Price Movement - Gold futures opened at $4,258.30 per troy ounce, reflecting a 0.8% increase from Wednesday's closing price of $4,224.70 [1] - The one-year gain for gold as of November 14 was 63.4% [3] - The price of gold has increased by 1.1% over the past week, 2.9% over the past month, and 57.6% over the past year [7] Group 2: Federal Reserve Interest Rate Decisions - The Federal Reserve lowered its target interest rate by a quarter-point to a range of 3.5% to 3.75% with a 9-3 vote, indicating internal disagreement among committee members [2] - The Fed's longer-term outlook suggests one rate cut in 2026 and another in 2027, highlighting ongoing challenges in the economy, including a weaker job market and persistent inflation [2] Group 3: Impact of Interest Rates on Gold - Falling interest rates benefit gold by reducing the yield of competing interest-bearing assets like cash, making gold a more attractive investment [3]