Gold Futures Rise, Kicking Off 2025 on a Positive Note
Gold futures rose, kicking off the new year on a positive note. Gold futures were up 0.3% at $2,647.90 a troy ounce. The market is waiting for a fresh catalyst to determine the direction of gold and other precious metals, which have traded in a narrow range for most of December and especially during the holiday period.
Nonetheless, gold enjoyed a strong year in 2024, rising about 27%, Deutsche Bank analysts said in a note. The metal posted its strongest annual gain since 2010 on central bank rate cuts and persistent geopolitical concerns, they said. Lower interest rates typically boost the appeal of non-interest-bearing bullion.
Source: Trading View