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...
Silver reached $48,202 per ounce this morning, indicating positive sentiment in the precious metals market. This price increase was driven by the ongoing global economy and the impact of delayed US employment data due to the government shutdown, prompting investors to increasingly seek safe-haven assets such as silver and gold. Furthermore, central banks' expected moves to cut interest rates also increased the appeal of this non-interest-bearing precious metal.However, despite silver's significant rise, analysts caution investors to remain cautious as the potential for a short-term...
Gold prices have strengthened again amid growing expectations of a US interest rate cut. Recent economic data showing slowing activity and controlled inflation has further strengthened market speculation that the Fed will ease monetary policy in the near future. This has prompted investors to turn to safe-haven assets like gold, whose value tends to stabilize when interest rates fall. In addition to monetary policy factors, political uncertainty resulting from the US government shutdown has also been an additional catalyst for gold's rally. Concerns over fiscal direction, inflation risks,...
Silver briefly slipped below $47 per ounce on Friday (October 3rd), but still has the potential to post a seventh consecutive weekly gain. The main driving force comes from expectations of further Fed interest rate cuts and uncertainty stemming from the US government shutdown. A string of recent US data has heightened speculation of easing, with the market almost fully pricing in a 25-bps cut this month and another in December. From a policy perspective, the government shutdown has so far seen minimal immediate impact, but it has raised concerns about fiscal direction, inflation risks, and...
Gold approaches $3,860/oz, poised for its seventh weekly gain. The US shutdown has caused a data blackout, with the market and the Fed focusing on private sector releases, with weak recruitment and fewer layoffs. Market money has almost fully priced in a 25 bps cut by the end of the month and the possibility of another cut in December.Structural support: central bank spending and ETF flows.But be wary of a pullback. The rapid rally is overbought, with profit-taking already emerging after the record. A dovish narrative maintains the continued bullish trend; conversely, a stronger dollar or a...
Goldman Sachs remains very optimistic about gold. Recent inflows into gold-backed ETFs and retail investor interest have far exceeded their expectations, creating an "upside opportunity" to exceed their $4,000/oz (mid-2026) and $4,300/oz (late next year) targets. In fact, a scenario of gold approaching $5,000/oz is considered increasingly likely if a small portion of US Treasury securities funds shift into gold. In terms of prices, gold has risen around 12% since August 29th, breaking out of the $3,200–$3,450 range. This rise isn't solely driven by speculators; central bank buying and...