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
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