Gold prices fell in early Monday trading after earlier approaching a record high around $4,550. The precious metal remains on track to deliver gains of around 70% in 2025, and after touching a new all-time high at the end of last week it is natural to see some profit-taking ahead of the year-end, resulting in the price pullback seen this morning. A slight uptick in the US dollar, along with tentative optimism from the White House regarding the prospects of a ceasefire in Ukraine, also capped bullion’s upside. Nevertheless, the outlook for the precious metal remains positive, supported by expectations of a dovish Federal Reserve, heightened by continued political scrutiny from the Trump administration, and by ongoing safe-haven demand driven by geopolitical and economic uncertainty.
Ricardo Evangelista, ActivTrades
Source: ActivTrader
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