Gold prices rose, boosted by expectations of a US interest rate cut and safe-haven demand.

Gold prices rose as investors weighed expectations of further easing in U.S. monetary policy next year against ongoing geopolitical risks. “Following the recent Fed rate cut and Fed Chairman Powell’s less hawkish comments than expected, the market anticipates further rate cuts in 2026, which boosted gold prices,” said Christopher Tahir of Exness. Meanwhile, uncertainty surrounding the Russia-Ukraine peace talks, coupled with tensions in the Middle East and Latin America, further enhanced gold’s appeal as a safe-haven asset. Tahir added that continued inflows into gold-backed ETFs, ongoing purchases by central banks, and concerns about the Fed’s future independence also boosted gold demand. (Jinshi)