GOLD STARTS 2025 ON A FIRM NOTE AMID THIN TRADE

Published on Jan 01, 2025 14:45

MCX gold futures opened 2025 on a positive note, rising ₹112 to ₹76,899 per 10 grams, though trading volumes remained subdued due to the New Year holiday closure of international markets. Gold ended 2024 with a stellar 27% rise, with international futures closing at $2,639.3 an ounce. The rally was fueled by U.S. monetary easing, geopolitical tensions, and record central bank gold purchases. Despite a brief setback after Donald Trump�s election win, gold outperformed most commodities last year. Investors now turn their attention to 2025, assessing the effects of U.S. policy uncertainty, China�s economic recovery push, and potential challenges under Trump�s presidency. Remarkably, gold�s rise persisted despite a stronger dollar and higher Treasury yields, highlighting its resilience as a safe haven.