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Gold Prices Drop as Traders Await Fed Rate Cut

11/24/2025

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Story summary
  • Gold prices fell for the third consecutive session to $4,055.73 per ounce as the dollar rose.
  • Traders await clarity on U.S. rates, with a 69% probability of a Fed rate cut next month.
  • New York Fed President John Williams indicated a potential rate cut.
  • Analysts expect gold to trade flat to negative in coming weeks due to limited support and geopolitical tensions, with silver steady and platinum and palladium up.