Gold prices moved slightly up in European trading on Tuesday (12/31).Marking its strongest annual performance since 2010 with a 26% increase for 2024. The surge was driven by US monetary easing, ongoing geopolitical tensions, and record central bank purchases. Gold prices started trading in Asia this morning at $2607/Toz.Looking ahead to 2025, investors weighed the impact of US monetary policy uncertainty, potential challenges under the Trump presidency, and China's push for economic recovery. Notably, gold's rise occurred despite a stronger US dollar and higher Treasury yields, which are...
Silver is set to decline in late 2024 as the gap between silver supply and demand deepens, highlighting the growing imbalance. Despite bullish supply fundamentals, silver's upside remains capped by Federal Reserve policy and a strong dollar. After cutting rates three times in late 2024, the Fed has signaled only 50 basis points of easing in 2025. This gradual approach is supportive of the dollar and keeps Treasury yields high, reducing the appeal of non-yielding assets like silver. Source: Newsmaker
Gold prices were on track for a more than 26% annual gain on Tuesday, their biggest annual gain since 2010, driven by safe-haven demand and central bank interest rate cuts, though sentiment could turn more cautious depending on policy changes under a second Trump administration. Robust central bank buying, geopolitical uncertainty and monetary policy easing fueled a record-breaking rally in safe-haven gold in 2024, pushing it to an all-time high of $2,790.15 on Oct. 31. Source: Newsmaker