Gold Prices Rise Towards $4,700 Amid Interest Rate Cut Expectations and Global Risks

Gold prices have increased for the fourth consecutive day, approaching their highest levels in three weeks, driven by expectations of a potential cut in U.S. interest rates next month and rising global political and economic uncertainties.

This morning, Wednesday, the precious metal rose 0.4% to $4,142.70 per ounce in spot transactions, while December futures climbed 0.8% to $4,149.20, according to data from Investing.com.

Analysts at UBS predict that prices could continue to rise, potentially exceeding $4,700 per ounce in the first quarter of 2026, even with a temporary improvement in investor sentiment following an agreement to end the longest government shutdown in U.S. history.

Analysts from NZ Bank noted that the price increase is driven by growing demand for safe-haven assets amid trade uncertainties and economic slowdowns, while rising government debt globally adds further support to gold prices.

The World Gold Council reported that global demand for gold reached a record high in the third quarter of 2025, fueled by strong investment flows and a resurgence in central bank purchases, making this year the strongest since 2011.