Key Highlights
- Market participants noted that key drivers behind the surge include accommodative monetary policy, de-dollarisation trends, and persistent global trade tensions.
- While central bank gold purchases have slowed compared to the previous three years, buying activity remains steady.
- This continued demand is being supported by portfolio diversification strategies, currency-related concerns, and expectations of further interest rate cuts.
- Moreover, easing interest rates by the US Federal Reserve and anticipation of additional rate cuts have made gold and silver increasingly attractive in 2025.
- Meanwhile, thin trading volumes due to year-end holidays have further amplified price movements, as per some experts.
