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Gold soars past $4,200 as investor hopes of December interest-rate cut
New York Post· 2025-11-13 17:47
Gold prices climbed to a three-week high Thursday, topping $4,200 an ounce as investors hoped the Fed would cut interest rates in December after the government releases delayed economic data.Spot gold hit $4,215.49 per ounce, its highest level since Oct. 21, before settling at $4,187.49. The precious metal has surged 60% this year, reaching a record $4,381.21 on Oct. 20.The rally came after the US government began to reopen following a record 43-day shutdown — meaning that delayed economic data will be comi ...