Gold is on course for its biggest yearly gain since 2010. It’s up 26.82% in 2024 and has managed 46 record closes this year-the last being on Oct. 30, when it settled at $2800.80.
Futures were rising in early trading, up 0.2% to $2,622.70 a troy ounce.
The precious metal has gained over the course of the year on safe-haven demand amid geopolitical tensions, monetary policy easing, and a streak of central bank purchases.
Holiday trading is thin ahead of the new year, and in the absence of fresh catalysts the precious metal has broadly traded sideways for much of late December.
Investors will be focused on potential signals from the incoming Donald Trump U.S. administration and the Federal Reserve’s 2025 outlook, XS.com’s Rania Gule said in a note.
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