Gold prices (December 24th) in the European session were stable at $4,491 ahead of Christmas Day tomorrow, with the market closing early tonight. Gold prices surged past $4,500 per ounce for the first time, while silver, platinum, and palladium also hit record highs. This increase was driven by surging demand for safe haven assets amid geopolitical and global trade risks, as well as expectations of further US interest rate cuts in 2026. Investors flocked to precious metals as a hedge.
According to analysts, this trend is reinforced by the de-globalization narrative, where gold and precious metals are viewed as neutral assets without sovereign risk, especially as US-China tensions continue. Although thin year-end liquidity increases volatility, the medium-term outlook remains positive, with gold potentially heading towards $5,000 and silver towards the $80 area in the next 6–12 months. (asd)
The gold price at the time of this analysis was released was $4,491.
Disclaimer: This article is analytical in nature and not a definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id
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