Gold Prices Inch Higher Ahead of Expected US Rate Cut

By News Desk on December 8, 2025

Gold Rises as Traders Anticipate Federal Reserve Rate Decision

Singapore: Gold prices edged higher today, supported by growing bets that the US Federal Reserve will cut interest rates this week, a move that would add further pressure on the dollar and enhance the appeal of the non-yielding metal.

Spot gold rose about 0.3% to $4,206.99 per ounce, while US gold futures for December delivery slipped 0.2% to $4,236.30 per ounce. Among other precious metals, silver was steady at $58.25 per ounce, platinum gained 0.3% to $1,646.56 per ounce, while palladium fell 0.5% to $1,455.55 per ounce.

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