Gold Surges to Fresh All-Time High as Central Bank Moves Spark Rally
Gold | 2025-12-16 10:08:02
Year-to-date, gold is up 67%, underlining strong investor momentum.
By Paul Ploumis
SEATTLE (Scrap Monster): Last week marked a busy period for central banks, with the U.S. Federal Reserve cutting rates as expected, while the Bank of Canada, Reserve Bank of Australia, and Swiss National Bank kept policy unchanged.
Gold Confirms Bullish Technical Pattern
Gold has now confirmed a technical “triangle” continuation pattern, signaling a resumption of its core uptrend. The metal rose for a fifth consecutive week, with the LBMA Gold Price PM climbing 2.4% to close at a record US$4,347/oz. Year-to-date, gold is up 67%, underlining strong investor momentum.
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Key Drivers Supporting Gold Prices
· Fed rate cuts and plans for balance sheet expansion
· Rising ETF inflows and bullish positioning in futures and options
· Persistent safe-haven demand, partly driven by AI bubble concerns
· Elevated geopolitical risks, including tensions in Ukraine, the Middle East, and Southeast Asia
Outlook and Price Levels to Watch
A clear break above US$4,245/oz resistance confirms upside momentum, with next resistance at US$4,354/oz and US$4,382/oz. Support is seen at US$4,213/oz, followed by US$4,170/oz and US$4,143/oz if prices retreat.
POLL
Which factor is most likely to drive gold prices higher in the near term?
Frequently Asked Questions
- What was the recent trend in gold prices?
Gold rose for a fifth consecutive week, reaching a record LBMA Gold Price PM of US$4,347/oz.
- Which central bank actions influenced gold recently?
The U.S. Federal Reserve cut interest rates, while the Bank of Canada, Reserve Bank of Australia, and Swiss National Bank maintained current policy.
- What key factors are supporting gold prices?
Strong ETF inflows, bullish futures positioning, safe-haven demand, and elevated geopolitical risks are driving gold prices higher.