Gold prices held steady on Monday, as growing expectations of a Federal Reserve rate cut next month helped offset pressure from a firm US dollar, reports Reuters.
Spot gold was up 0.1 per cent at $4,069.10 per ounce, as of 1153 GMT. US gold futures for December delivery fell 0.3 per cent to $4,065.40 per ounce.
The dollar held near the six-month high hit on Friday, making greenback-priced gold more expensive for holders of other currencies.
"Gold steadied as investors evaluated the prospect of another Fed rate cut after New York Fed President John Williams signalled there may be room to lower borrowing costs amid a softening labour market, even as other officials struck a more cautious tone," said Ole Hansen, head of commodity strategy
at Saxo Bank.
Williams had said on Friday US interest rates could fall without putting the Fed's inflation goal at risk, while helping guard against a slide in the job market.
Gold holds steady as Fed rate cut bets offset dollar strength
FE Team | Published: November 24, 2025 21:15:18
Gold holds steady as Fed rate cut bets offset dollar strength
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