Core Viewpoint - The performance of gold is closely tied to the Federal Reserve's interest rate decisions, with lower rates typically boosting demand for gold as a safe-haven asset [1][2]. Group 1: Gold Market Performance - Spot gold closed at $4,239.43 per ounce in November, marking the highest monthly close ever for the precious metal [2]. - The uncertainty surrounding the Fed's rate regimen and the U.S. economy supports both potential rate cuts and increased gold exposure [2]. Group 2: Investment Strategies - The Sprott Physical Gold Trust (PHYS) offers investors a straightforward way to gain exposure to gold bullion, with its NAV rising 60.25% year-to-date as of November 30, 2025 [3]. - The Sprott Physical Gold and Silver Trust (CEF) provides a diversified investment option, investing in both gold and silver bullion, with its NAV increasing 71.44% year-to-date as of November 30, 2025 [4][5].