Market analysis: If U.S. inflation slows further, gold prices could test new highs
2025-12-17 16:43:51
Spot gold prices extended their rally, supported by expectations of further monetary easing in the United States, continued geopolitical risks, and strong investor demand. "Despite mixed U.S. jobs data, the market still expects the Federal Reserve to cut interest rates twice in the first half of 2026," said Bas Kooijman, CEO and asset manager at DHF Capital. Kooijman noted that investors are currently focused on the November consumer price (CPI) data released on Thursday, as further signs of slowing inflation could depress yields, weaken the dollar, and allow gold prices to test new all-time highs. Meanwhile, geopolitical concerns have fueled safe-haven demand, with U.S. President Donald Trump announcing a blockade of sanctioned Venezuelan tankers and tensions in Eastern Europe and the Middle East remaining high.
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