Core Insights - The most actively traded December 2025 gold futures on the New York Commodity Exchange rose by $26.6 to close at $4159.6 per ounce, marking a 0.64% increase [1] - December gold futures reached a historical high of $4190.90 per ounce overnight, while December silver futures hit a record high of $52.495 per ounce, although both closed significantly lower than their overnight peaks [1] - Federal Reserve Chairman Jerome Powell indicated that the Fed will adjust interest rate policies based on economic outlook and risk balance rather than a predetermined path, with expectations of a 25 basis point rate cut later this month and another in December [1] - Despite recent consolidation risks for gold and silver, Bank of America maintains that both will continue their upward trend, forecasting prices of $5000 per ounce for gold and $65 for silver next year [1] - Technically, December gold futures show strong bullish momentum, with the next target being a breakout above the solid resistance level of $4300, while bears aim for a drop below the strong support level of $3900 [1] - December silver futures fell by 8.4 cents to close at $50.345 per ounce, reflecting a 0.17% decrease [1]