Agency: The possibility of gold prices hitting a new record high near the "December boom" has increased significantly
2025-11-26 07:51:18
Gold prices have settled above $4,000 an ounce as December, the traditional peak selling season for gold, approaches, raising the prospect of another all-time high. From east to west, physical gold will see huge demand before and after the end of the year, as the wedding season in Asia, especially India, coincides with the Christmas and New Year holidays in Europe and the United States. Continued purchases of gold by central banks to build foreign exchange reserves and continued inflows into gold ETFs also increase the likelihood of gold prices hitting a record high. The possibility of a near-term US interest rate cut is even more icing on the cake for gold bulls, said Bart Meleck, head of commodity strategy at TD Securities. New York gold futures prices and international spot gold prices last hit record highs of $4,398 and $4,381, respectively. (Gold 10)
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