TechFlow, Nov 26 — As the traditional peak season for gold sales approaches in December, gold prices have firmly remained above $4,000 per ounce, increasing the likelihood of setting new all-time highs. From East to West, physical gold sees strong demand around year-end, as wedding seasons in Asia—especially India—overlap with the Christmas and New Year holidays in Europe and the U.S. Continued central bank purchases for foreign exchange reserves, along with steady inflows into gold ETFs, further support fresh record highs. According to Bart Melek, Head of Commodity Strategy at TD Securities, the recent possibility of interest rate cuts in the U.S. adds further upside potential for gold bulls. The most recent all-time highs for New York gold futures and international spot gold were $4,398 and $4,381 per ounce, respectively.
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