Gold Nears Record - This Week Could Be Decisive
Gold prices rose to around US$4,320 per ounce on Monday (December 15), edging closer to an all-time high. The market is now focused on this week's US economic data to gauge the direction of the Fed's interest rate policy, particularly the jobs report (Tuesday) and inflation data (Thursday), which could be crucial for determining the next move.
Last week, the Fed cut interest rates by 25 basis points for the third time this year, but the decision was not unanimous, as some officials felt inflation was still high and it would be safer to wait for additional data before easing again in 2026. Meanwhile, gold has surged more than 60% year-to-date—heading for its strongest annual gain since 1979—supported by central bank buying, ETF inflows, safe-haven demand, and investors' shift away from bonds and currencies. (az)
The price of gold at the time of this analysis was released was at $4,319.
- Buy if the price is at $4,326.
- Sell if the price is at $4,312.
Resistance 2: $4,340.
Resistance 1: $4,333.
Support 1: $4,305.
Support 2: $4,298.
Disclaimer
This article is analytical in nature and does not constitute a definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id
