Gold slipped slightly to $4,061.46 per ounce on Monday, November 24, 2025, down 0.01% from the previous day, as investors paused ahead of crucial US economic data that could influence the Federal Reserve’s next move.
Markets are focused on September’s retail sales and producer price index (PPI) due Tuesday, alongside weekly jobless claims on Wednesday.
Fed President John Williams recently signaled support for a near-term rate cut, pushing traders to price in a 69% probability of a 25-basis-point reduction next month, up from roughly 40% last week.
Despite Monday’s minor decline, gold has remained a standout performer. Over the past month, bullion has risen 2.01%, and it is up 55.58% year-on-year, reflecting sustained demand from investors seeking a hedge amid trade and geopolitical uncertainties, robust central bank buying, and concerns over fiscal risks.
Analysts say the metal’s immediate path will hinge on the US data, but gold’s broader appeal as a safe-haven asset remains strong, keeping it firmly in investors’ crosshairs as economic uncertainty continues to shape markets.
