Gold prices are set to rise for the fourth month in a row, as more global traders now believe that the US Federal Reserve will finally cut interest rates during its policy meeting in December.
So far in 2025, gold has gone up in value almost every month, making this year likely to become its best year since 1979, according to analysts.
Even though the US economy is giving mixed and unclear signals—mainly because economic data has been delayed due to the recent government shutdown—investors still see gold as a safe and reliable option.
This growing expectation of lower interest rates is helping gold shine stronger in global markets, Bloomberg reported.