Gold hits a new record at $4,383.76 an ounce
Gold prices reached a new all-time high on Monday, climbing to $4,383.76 per ounce, surpassing the previous record set in October. The surge comes as investors increasingly expect further interest rate cuts by the US Federal Reserve next year.
Recent economic data released in the United States point to a weakening labor market and a gradual slowdown in inflation. These signals have reinforced expectations that the Federal Reserve may continue easing its monetary policy in the coming months, boosting demand for gold, which typically benefits from lower interest rates.
Beyond monetary policy expectations, broader economic and geopolitical factors have also supported the rally. Ongoing budgetary uncertainty in the United States, renewed trade tensions and heightened geopolitical risks have strengthened gold’s appeal as a safe-haven asset, particularly amid declining confidence in the US dollar.
Gold had previously set a record in October at $4,381.52 per ounce, marking a sharp increase since the beginning of the year. However, that peak was followed by a significant correction, as profit-taking triggered a drop of more than 5% in a single session — a level of volatility not seen since the early months of the Covid-19 pandemic in 2020.
Despite such fluctuations, the precious metal continues to attract strong investor interest as markets navigate uncertainty over economic growth, inflation trends and global stability.
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