24.12.202500:57:14UTC+00Gold Scales $4,500 to Fresh Record

Gold prices surged to over $4,500 per ounce on Wednesday, marking a new record high. This increase is primarily driven by anticipated further economic easing from the Federal Reserve and escalating geopolitical tensions. The US economy demonstrated solid growth in the third quarter, with a quicker Gross Domestic Product (GDP) expansion than previously observed, despite labor market data indicating continued but gradually slowing job creation. Market forecasts still include two interest rate cuts in 2026, with expectations that inflation will decrease and employment conditions will ease, despite ongoing divisions among policymakers. Concurrently, tensions involving Venezuela, exacerbated by the US blockade of oil tankers, have heightened safe-haven demand and increased geopolitical risk within commodity markets. With gold prices rising approximately 70% this year, the precious metal is on course for its most substantial annual gain since 1979, driven by persistent central bank purchases and consistent inflows into gold-backed investment funds.