Gold Nears Record High

2025-12-15 02:51 By Judith Sib-at 1 min. read

Gold prices climbed to around $4,310 per ounce on Monday, approaching an all-time high, supported by expectations of more US interest rate cuts.

Last week, the Fed delivered its third 25bps rate cut of the year but signaled a less hawkish outlook than markets had expected.

However, the decision was not unanimous, with three policymakers dissenting.

Two officials who voted against the cut said on Friday that inflation remains too elevated and that it would have been “more prudent” to wait for additional data before reducing rates.

Investors now await a series of key US economic releases this week, particularly the jobs report due on Tuesday and inflation data on Thursday, for further clues on the Fed's rate path.

Gold has surged over 60% year-to-date, on track for its strongest annual gain since 1979, driven by robust central bank purchases, strong ETF inflows, safe-haven demand, and a shift by investors away from sovereign bonds and currencies.



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