Gold prices extend gains, supported by expectations of further U.S. monetary easing, persistent geopolitical risks and strong investor demand. "While U.S. employment data was mixed, markets continue to see the Federal Reserve cutting its interest rates two times during the first part of 2026," says Bas Kooijman, CEO and Asset Manager of DHF Capital.
Investors are now focused on November's consumer-price data due Thursday, as signs of further disinflation could push yields lower, weaken the dollar and allow gold to test fresh record highs, Kooijman said. Meanwhile, geopolitical fears drive safe-haven demand, with President Trump announcing a blockade of sanctioned Venezuelan oil tankers and tensions in Eastern Europe and the Middle East remaining elevated. New York gold futures rise 0.8% to $4,368 a troy ounce.
Source : Dow Jones Newswires
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