Gold is hovering around 2625: Will there be no major movements by the end of the year? The market is eagerly anticipating Trump's return to power.
FX168 Financial News Agency (Asia-Pacific) reported that on Thursday (December 26), with trading volume thin due to the holiday, Gold rose, mainly supported by safe-haven demand from geopolitical tensions.
Major event in the international Gold market! Hong Kong's "Golden Opportunities": Hong Kong establishes an Exchange and plans to build a vault and digital gold.
Starting from January 1, 2025, a new trading institution named "Hong Kong Gold Exchange" will be established in the Hong Kong Special Administrative Region of China. This institution will be rebranded and corporatized from the gold and silver trading hall that has been operating locally for 114 years. The Chairman of the Exchange, Zhang Dexi, stated that the establishment of the Exchange aligns with the proposals in the "Policy Address" to enhance Hong Kong as an international gold trading center, believing that the future responsibilities of the Exchange will be significant.
The Federal Reserve's "hawkish" stance limits the increase! Gold price at 2616, holiday trading is sluggish. FXEmpire's latest technical analysis on Gold, Dollar, and Euro.
The Federal Reserve's tough interest rate stance limits the rise in Gold, and with the West entering the holiday week, the Gold price is fluctuating around 2616 USD, while the USD maintains a strong market.
Barrick Gold Corp. Stock Rises Tuesday, Outperforms Market
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Uncertain interest rate path for 2025 leads to economic concerns. Gold rises before the holidays.
As traders weigh the prospects of the USA Federal Reserve easing interest rate cuts next year, Gold rises.