Gold prices have surged to a six-week high, with Comex gold futures hitting $4,299 per ounce, fueled by growing expectations of a US Fed rate cut. As of December 1, 2025, Comex gold was trading 0.10% higher a t $4,259.10/oz . The rally is driven by inflationary pressures in the US economy and anticipation of a softer than expected Fed meeting. Market participants are now awaiting key economic data, including ADP employment figures and PCE Index updates.