Gold prices rose, boosted by expectations of a US interest rate cut and safe-haven demand.

Gold prices rose as investors weighed expectations of further monetary easing in the US next year against ongoing geopolitical risks. "Gold prices were boosted by market expectations of further rate cuts in 2026 following the Fed's recent rate cuts and Fed Chairman Powell's less hawkish comments," said Christopher Tahir of Exness. Meanwhile, uncertainty surrounding the Russia-Ukraine peace talks, coupled with tensions in the Middle East and Latin America, further enhanced gold's appeal as a safe-haven asset. Tahir added that continued inflows into gold-backed ETFs, ongoing purchases by central banks, and concerns about the Fed's future independence also contributed to gold demand. (Gold10)