In accordance with Bpaynews, gold has surged above $4,200, driven by expectations of 2025 Federal Reserve rate cuts, geopolitical tensions, and sustained central bank demand. The price is approaching November’s peak of $4,245, with technical indicators showing a breakout from a multi-week consolidation. Central banks, including China, have been diversifying reserves, supporting the bullion market. The U.S. dollar’s softer tone and seasonal factors also favor gold in December.
Gold Rallies Above $4,200 Amid Rate-Cut Bets and Central Bank Demand
BpaynewsShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.