Gold prices hit 6-week high as markets get shaky

Business Dec 01, 2025

Gold just reached its highest price in six weeks, climbing to $4,240.54 per ounce, with futures also up.
Silver wasn't left behind—it jumped 2% and even touched a new record earlier in the day.
This surge comes as investors look for safer bets while the US dollar drops and stock markets stay cautious.

What's driving the jump?

Falling S&P futures and a big dip in crypto (Bitcoin down 3.6%, Ether down 5%) have people expecting the Federal Reserve might cut interest rates soon—odds are now at 87%.
Plus, thin trading due to a CME outage helped silver spike, and a weaker dollar is making gold more appealing for anyone holding other currencies.