Gold Eases But Holds Near October Highs With Focus on Geopolitics, U.S. Inflation
Gold prices slip as investors focus on rising geopolitical tensions in Venezuela and await upcoming U.S. inflation data that could shape the Fed's next policy move.
Futures in New York fall 0.4% to $4,356.50 a troy ounce in early trading, with uncertainty lingering over the pace of U.S. monetary easing next year. Even so, prices remain near October's record and are up about 65% this year, driven by robust central-bank buying, ETF inflows and a broader retreat from government debt and major currencies. Heightened geopolitical risks have also reinforced gold's appeal as a safe-haven asset.
"We expect gold prices to reach new record highs in 2026," ING analysts say. "The downside should be limited, as any weakness will likely attract renewed interest from both retail and institutional buyers."
Source : Dow Jones Newswires
