Gold Prices

Gold prices averaged USD 4,085 per troy ounce in November, up 0.7% from October. On 28 November, the commodity traded at USD 4,200 per troy ounce, up 5.6% from 31 October.

Average gold prices were slightly higher in November compared to October, despite a mid-month dip. Sustained safe-haven demand and renewed optimism regarding further monetary easing in the U.S. in December—the latter spurred by the Fed’s dovish remarks and by disappointing U.S. retail data—supported the market and pushed the metal’s value to a six-week high at end-November.