Overview
- Spot gold hovered around $4,180–$4,190 an ounce on Friday and is set for a fourth consecutive monthly advance after a strong week.
- Traders priced roughly 80%–86% odds of a 25 basis point Federal Reserve rate cut in December, reinforcing support for precious metals.
- Silver climbed toward record territory with prices near $54 and reported spikes above $56, driven by acute supply tightness and robust industrial and ETF demand.
- A technical issue at CME’s data center during Black Friday’s thin session disrupted metals futures updates, amplifying short-term volatility.
- A Goldman Sachs survey of more than 900 institutional investors found 36% expect gold to top $5,000 by end-2026, citing central-bank buying and fiscal concerns as key drivers.