Gold prices hit a new record for the second consecutive day, with spot prices touching $2,100. Gold prices are expected to reach new highs next year and may remain above $2,000, amid geopolitical uncertainty, a potential weakening of the dollar and potential interest rate cuts. Prices of the yellow metal rose for two consecutive months, as the ongoing Israeli-Palestinian conflict increased demand for safe-haven assets, while expectations of interest rate cuts provided further support.
Gold tends to perform well during periods of economic and geopolitical uncertainty due to its position as a reliable store of value.
Source (Al-Arabiya.net Website, Edited)
