GOLD PRICE HOLDS STEADY AROUND $2,600, UPSIDE LIMITED

Tina Collins

20 Dec 2024 — 1 min read

GOLD PRICE HOLDS STEADY AROUND $2,600, UPSIDE LIMITED

Gold (XAU/USD) remains around $2,600, supported by haven flows amid concerns of a U.S. government shutdown.

Geopolitical risks and trade war fears lead to a modest pullback in U.S. Treasury bond yields, boosting gold demand.

The Federal Reserve’s signal to slow rate cuts in 2025 supports the U.S. Dollar (USD), limiting gold’s upside potential.

The combination of safe-haven demand and a strong USD caps significant price increases for gold.

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