15.12.202502:51:34UTC+00Gold Nears Record High

On Monday, gold prices surged to approximately $4,320 per ounce, nearing a record high level. This rise comes as investors eagerly anticipate significant U.S. economic reports that are expected this week, offering insights into the Federal Reserve's future interest rate decisions. The primary focus will be on Tuesday's employment figures and Thursday's inflation data. The previous week saw the Fed implement its third 25 basis point rate cut of the year. However, this move was not reached by consensus, as three policymakers voiced their dissent. There remains a divergence of views regarding the possibility of additional rate cuts in 2026. Two Federal Reserve officials who opposed the recent rate reduction voiced concerns on Friday, arguing that inflation continues to be high and suggesting it would have been "more prudent" to postpone any rate cuts until more data was available. Gold's value has increased over 60% so far this year, poised to achieve its most significant annual gain since 1979. This upward trajectory has been fueled by substantial central bank acquisitions, significant ETF investments, strong safe-haven appeal, and a strategic shift by investors from sovereign bonds and currencies.