TechFlow, December 22 — Justin Low, analyst at U.S. financial website Investinglive, said that as the Christmas holiday approaches, gold and silver traders are not slowing down. Precious metals continued their upward momentum at the start of the new week, with spot gold now surging to a fresh record high above $4,400 per ounce. If gold clearly holds above $4,400, it could open up even greater upside potential. However, headwinds facing gold may not truly emerge until the second half of 2026. Even so, the possibility that market participants price in this expectation earlier cannot be ruled out. The key challenge to the bullish narrative for gold lies in "major central banks gradually shifting away from rate cuts and eventually returning to talking about rate hikes" in the future. This point warrants caution. But for now at least, gold buyers will likely continue maintaining bullish momentum. That said, thin liquidity could amplify current gains, especially as the Christmas and New Year holidays approach and market trading becomes increasingly subdued. Therefore, even though seasonal patterns show that December and January have historically been strong months for gold over the past two decades, liquidity factors should be taken into account when assessing further upside potential. (Golden10)
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