Gold Price Forecast for Thursday, December 4, 2025

Gold prices opened at $4,200 per ounce on Thursday, but remain near their highest level in six weeks, as investors grow increasingly confident that the Federal Reserve will cut interest rates next week.

The US ADP employment report for November showed 32,000 private-sector jobs added, significantly below the expected 10,000, and marking the third-highest increase in four months.

This represents the largest number of jobs added by companies since 2023, contributing to a more positive US labor market.

This comes amidst warnings and guidance from authorities, who have emphasized the importance of transparency.

Interest rate futures are also showing a near 90% probability of a 25-basis-point cut next week.

Investors are now turning their attention to the detailed September data released by the Federal Reserve on Friday, where they will be looking for further indicators and policy insights.

On the other hand, we see the future with stalled progress in the peace plan between Russia and Ukraine, after US President Donald Trump's talks with the Kremlin failed to achieve any tangible progress in ending the war.

He declared that it is unclear what will happen now.

The US talks regarding the war in Ukraine concluded without any significant progress.

The current forecast predicts a return to the upward trend, targeting the second level of $4,250 and then $4,277 in the near term. A correction is expected, presenting another buying opportunity.