Gold prices fell on Monday, November 25, by more than $38 per ounce, amid rising geopolitical tensions and investors awaiting more data to clarify the Federal Reserve's monetary policy expectations.
Spot gold fell 1.50%, or $40.80, to $2,671.69 an ounce, while gold futures fell 1.41%, or $38.30, to $2,721.10 an ounce.
Hezbollah fired a barrage of rockets into Israel on Sunday, following Israeli airstrikes that killed at least 29 people in Beirut. Damage was reported near Tel Aviv.
Meanwhile, the governor of Russia's Kursk region, which borders Ukraine, said Russia had destroyed two missiles and 27 drones launched by Ukraine over the region.
Markets currently expect a 51% chance that the Fed will cut rates by 25 basis points in December, according to the CME Group's FedWatch tool.
Among other precious metals, spot silver rose 0.2% to $31.39 an ounce. Platinum rose 0.34% to $966.88. Palladium rose 0.8% to $1,017.28 an ounce.
