{"id":44629,"date":"2025-12-23T15:23:02","date_gmt":"2025-12-23T07:23:02","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=37534"},"modified":"2025-12-23T15:23:02","modified_gmt":"2025-12-23T07:23:02","slug":"gold-nears-4500-as-rate-cut-bets-drive-metals","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-asia\/analysis\/gold-nears-4500-as-rate-cut-bets-drive-metals\/","title":{"rendered":"Gold Nears $4,500 As Rate Cut Bets Drive Metals"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2026\/03\/Image_fx-2025-10-02T112304981-1024x559.png\" alt=\"\" class=\"wp-image-31436\" \/><\/figure>\n\n\n\n<p><strong>Key Points<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Spot gold traded as high as $4,497.55, while silver hit a record peak of $69.98.<\/li>\n\n\n\n<li>Central banks are set to buy 850 tons of gold in 2025, while ETF inflows reached $82 billion.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\" \/>\n\n\n\n<p>Gold extended its rally on Tuesday, surging close to the $4,500-per-ounce level as traders continued to add exposure despite the year-end period.<\/p>\n\n\n\n<p>Spot gold traded as high as $4,497.55, while XAUUSD last stood near $4,479.40, up 0.80% on the day. The move reflected firm conviction rather than short-covering, with buyers remaining active even as prices approached record territory.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Gold, silver hit record highs as precious metals pace toward best year since 1979 <a href=\"https:\/\/t.co\/QmoyVLXc3O\">https:\/\/t.co\/QmoyVLXc3O<\/a><\/p>&mdash; Yahoo Finance (@YahooFinance) <a href=\"https:\/\/twitter.com\/YahooFinance\/status\/2003172710629699987?ref_src=twsrc%5Etfw\">December 22, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Silver followed closely, climbing to a record peak of $69.98 and hovering just below the $70 mark. The strength across both metals suggested that traders remained focused on <a href=\"https:\/\/t.co\/FxFmwBiPE0\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">macro and global drivers<\/a> rather than seasonal profit-taking.<\/p>\n\n\n\n<p>Mitsubishi analysts noted that precious metals reaching record prices so late in the year showed that traders have not treated the festive break as an opportunity to reduce positions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Rate Cuts and Dollar Weakness Support Bullion<\/h2>\n\n\n\n<p>Bullion has posted multiple record highs this year, underpinned by US interest rate cuts and a steadily weaker dollar.<\/p>\n\n\n\n<p>The greenback has fallen nearly 10% in 2025, putting it on track for its <a href=\"https:\/\/t.co\/Q8kmKFK8jj\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">worst annual performance<\/a> in eight years. Many traders expect the dollar\u2019s decline to resume in 2026 as global growth improves and the Federal Reserve eases policy further.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Dollar close to multi-week lows versus euro and yen before US data <a href=\"https:\/\/t.co\/kDfucse1Qo\">https:\/\/t.co\/kDfucse1Qo<\/a> <a href=\"https:\/\/t.co\/kDfucse1Qo\">https:\/\/t.co\/kDfucse1Qo<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/2000915093236670787?ref_src=twsrc%5Etfw\">December 16, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Rate cut expectations have strengthened following recent US inflation and labour data.<\/p>\n\n\n\n<p>Our research desk believes that rising rate cut bets are helping drive demand for precious metals. Analysts at Goldman Sachs see further upside, forecasting gold at $4,900 by December 2026.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Global Risk Adds to Safe-Haven Demand<\/h2>\n\n\n\n<p>Safe-haven flows also remained firm as global tension stayed elevated. Ongoing uncertainty in the Middle East, doubts over a Russia-Ukraine peace deal, and recent US actions against Venezuelan oil tankers have kept risk sentiment fragile.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">More than a dozen tankers have loaded oil off Venezuela\u2019s coast since the Trump administration intensified efforts to curb Caracas\u2019 crude revenue by targeting vessels. <a href=\"https:\/\/t.co\/6OiWPT8N2v\">https:\/\/t.co\/6OiWPT8N2v<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/2003242361040650592?ref_src=twsrc%5Etfw\">December 22, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>These factors continued to support demand for gold and silver as portfolio hedges.<\/p>\n\n\n\n<p>The persistence of these risks has reduced sensitivity to short-term price levels, allowing prices to remain elevated without sharp pullbacks.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Analysis<\/h2>\n\n\n\n<p>Gold continues to rally, pushing toward a new record high as the precious metal capitalises on persistent global tensions, a softer dollar, and central bank demand.<\/p>\n\n\n\n<p>The current uptrend has resumed convincingly after a brief consolidation in November.<\/p>\n\n\n\n<p>The price action remains firmly above the <strong>5-, 10-, and 30-day moving averages<\/strong>, all sloping upward in a classic bullish formation.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2026\/03\/image-33-1024x449.jpg\" alt=\"\" class=\"wp-image-37535\" \/><\/figure>\n\n\n\n<p>This alignment confirms a strong trend, with short-term momentum reinforcing long-term direction.<\/p>\n\n\n\n<p>The <strong>MACD (12,26,9)<\/strong> has crossed back above the signal line, with green histogram bars building steadily. This supports a return of bullish momentum and suggests that the rally may have further room to run.<\/p>\n\n\n\n<p>A break above <strong>4480\u20134500<\/strong> could signal a clean breakout into uncharted territory.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Cautious Outlook Near Record Levels<\/h2>\n\n\n\n<p>Gold may continue to trade with an upward bias as long as rate cut expectations, central bank buying, and global risks remain in play.<\/p>\n\n\n\n<p>However, proximity to the $4,500 level could invite short-term consolidation. Silver may remain volatile given stretched positioning, with dips likely attracting buyers while real yields stay low and physical supply remains tight.<\/p>\n\n\n\n<p><strong>Learn more about trading <a href=\"https:\/\/www.vtmarkets.com\/precious-metals\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Precious Metals<\/a> on VT Markets <a href=\"https:\/\/www.vtmarkets.com\/Insights\/\" target=\"_blank\" rel=\"noopener\" title=\"\">here<\/a>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold trades near $4,500 and silver near $70 as Fed easing bets, a weaker dollar, and geopolitics lift metals. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":64,"featured_media":31436,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[6,13],"class_list":["post-44629","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-gold","tag-precious-metals"],"acf":{"acf_article_selection_author":""},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/44629","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/users\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/comments?post=44629"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/44629\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media\/31436"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media?parent=44629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/categories?post=44629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/tags?post=44629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}