Institutions: Thin liquidity during the Christmas holidays may amplify current gold price gains.

According to Justin Low, an analyst at the US financial website Investinglive, the Christmas holidays are approaching, but gold and silver traders have not slowed down. Precious metals continued their upward surge in the new week, with spot gold now soaring to a new record high above $4,400 per ounce. If gold firmly establishes itself above $4,400, it will open up further upside potential. However, the headwinds facing gold may not truly materialize until the second half of 2026. Even so, the possibility that market participants have already priced in this expectation cannot be ruled out. A key challenge to the gold rally narrative lies in the fact that "major central banks will gradually shift from interest rate cuts to raising rates again in the future." This is something to be wary of. But at least for now, gold buyers will continue to maintain a bullish momentum. However, thin liquidity could amplify the current gains, especially with the Christmas and New Year holidays approaching and market trading becoming increasingly thin. Therefore, even though seasonal patterns show that December and January have been relatively strong months for gold over the past two decades, liquidity factors must be taken into account when looking for further gains. (Golden Ten)