Gold Bolstered by U.S. Rate Cut Prospects, Haven Demand

Core Viewpoint - Gold prices are rising due to expectations of looser U.S. monetary policy in the coming year and ongoing geopolitical risks [1][2] Group 1: U.S. Monetary Policy - The rise in gold prices is attributed to expectations of additional interest rate cuts in 2026 following a recent rate reduction by the Federal Reserve [1] - Fed Chair Jerome Powell's less hawkish tone than anticipated has also contributed to the positive sentiment towards gold [1] Group 2: Geopolitical Risks - Ongoing uncertainty regarding peace talks in Eastern Europe is enhancing gold's appeal as a safe haven asset [2] - Tensions in the Middle East and Latin America are further reinforcing the demand for gold amid geopolitical instability [2]