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Gold’s probably hit 2025 high but don’t rule out Christmas rally, say gold strategists
Even though there is consensus that gold has probably already hit its 2025 high point and is unlikely to go beyond the all-time-record it set in October when it breached the $4 300/oz mark, a Santa gold rally during the Christmas period and into year-end should not be ruled out. Also, while the incomplete reopening of US administration is encouraging, the Commodity Futures Trading Commission (CFTC) needs to return with key risk-assessment data required by the Federal Reserve as all eyes focus on December 10 when a further interest rate change could have implications for gold. Moreover, the indication of the US ... (full story)