Gold Prices Surge Amid Predictions of Further Interest Rate Cuts

Gold prices have risen on Tuesday, buoyed by expectations of a possible cut in U.S. interest rates in January. Investors are also eagerly awaiting key job data expected to be released later today. Meanwhile, silver is hovering near the record levels it reached last week.

Spot gold increased by about 0.1% to reach $4,304.92 per ounce by 01:03 GMT. In contrast, U.S. gold futures remained steady at $4,333.20. This year, gold has soared over 64%, setting numerous records and becoming one of the best-performing assets of 2025.

As for other precious metals, silver declined in spot transactions by 0.5% to $63.60 an ounce. It had hit a record high of $64.65 on Friday before closing at a sharp decline.

Platinum's spot price increased by 0.8% to $1,797, while palladium fell by 0.3% to record $1,561.94 an ounce.