Gold Price Outlook, Nov. 25 -- Gold prices extended gains on Tuesday (November 25), extending their historic rally as expectations of a US Federal Reserve rate cut in December strengthened, pushing global gold rates to around $4,175 per ounce. The yellow metal continues to ride a powerful multi-month rally-one that analysts expect may extend into next year. Bank of America (BofA) now forecasts gold to average $4,538 per ounce in 2026, with a potential climb to $5,000, supported by macro tailwinds and sustained safe-haven demand.

Internationally, gold extended Monday's strong performance, after climbing nearly 2% in the previous session. Spot prices hovered close to $4,175 per ounce, building on record highs driven by weaker yields, macro...