Gold Hits Three-Week High as Dollar Weakens and Traders Eye US Rate Cut

By News Desk on November 12, 2025

Singapore: Gold prices today extended their gains for the fourth consecutive session, supported by a weaker US dollar and expectations that the end of the US government shutdown and upcoming economic data will strengthen prospects for an interest rate cut in the United States next month.

Spot gold rose 0.4% to $4,142.70 per ounce, after hitting its highest level since 23 October 2025 in the previous session. US gold futures for December delivery increased 0.8% to $4,149.20 per ounce. Among other precious metals, spot silver edged up 0.1% to $51.29 per ounce, platinum slipped 0.1% to $1,583.10, while palladium was little changed at $1,443.56 per ounce.

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