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2025-12-15 21:03:19
[Gold Prices Surge Over 65% Year-to-Date, Rate Cut Expectations and Global Turmoil Drive Safe-Haven Buying] ⑴ Gold prices continue to rise, with New York gold futures up 1.2% to $4,378.80 per ounce, representing a year-to-date increase of over 65%. ⑵ Analyst Christopher Tahir points out that gold prices have benefited from market expectations of further rate cuts by the Federal Reserve in 2026, following the Fed's previous round of rate cuts and Chairman Powell's less hawkish tone than expected. ⑶ Meanwhile, uncertainty surrounding the Eastern European peace talks and ongoing tensions in the Middle East and Latin America have jointly strengthened gold's appeal as a traditional safe-haven asset. ⑷ Stable inflows into gold exchange-traded funds, continued purchases by central banks, and potential concerns about the Fed's future policy independence have further boosted market demand for gold. ⑸ Current gold price movements are driven by expectations of monetary policy easing and geopolitical risk premiums, highlighting its unique allocation value in a complex macroeconomic environment.
