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Gold prices rebound on Wednesday
Aya Anwar Published in Amwal Al Ghad on 03 - 12 - 2025

Gold rebounded on Wednesday, rising 0.4 per cent to $4,222.22 per ounce as investors bet on a Federal Reserve rate cut, while US December gold futures advanced 0.8 per cent to $4,252.90. Silver hit a fresh record high of $58.94 per ounce, supported by physical shortages in the US and China.
Market expectations of a Fed rate cut have strengthened, with futures now pricing an 89 per cent chance of easing at the December 9–10 meeting, up from 85 per cent last week, amid signs of a slowing US economy. Investors are awaiting key US data this week, including November ADP employment figures and the delayed September Personal Consumption Expenditures Index.
Central banks boosted gold purchases in October, acquiring 53 tons, the greatest monthly net demand since early 2025. Platinum rose 0.3 per cent to $1,638.34, while palladium remained flat at $1,462.27.
Attribution: Reuters

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