The price of gold is rising once more. Gold prices have stagnated over the past month after rising quickly and more than 57% so far this year. On October 7, 2025, gold broke beyond the $4,000 mark for the first time in history, and on October 17, it achieved an all-time high of $4,380.
Gold prices then dropped below $4,000 due to a 10% correction, but they are currently back above $4,000. Gold was trading at about $4,137 on November 11 and is currently worth Rs 1,25,120 in India.
As mounting economic uncertainties in the US spurred hopes for a near-term Federal Reserve rate drop, gold’s recent upward trend reached a three-week high. Powell, the head of the Fed, is expected to announce a 25-basis-point rate cut at the upcoming FOMC meeting on December 9–10. In the face of declining inflation and rising unemployment, Fed Governor Stephen Miran is pushing for a bigger half-point drop.
According to data released last week, consumer sentiment dropped to a three-year low in early November, while employment losses occurred in October, especially in the government and retail sectors. The US Senate passed a bill to restore the federal government following a 40-day shutdown, which is expected to provide gold with an immediate boost.
The US Fed is expected to become more active in its rate-cutting campaign as markets anticipate the arrival of labor market statistics, which will reveal information about deteriorating economic conditions. When the opportunity cost of storing gold increases, a lower rate scenario raises gold prices.
