{"id":16411,"date":"2024-12-26T10:32:42","date_gmt":"2024-12-26T10:32:42","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=16154"},"modified":"2024-12-26T10:32:42","modified_gmt":"2024-12-26T10:32:42","slug":"gold-holds-gains-as-holiday-trade-thins","status":"publish","type":"post","link":"https:\/\/www.global-vtrader.com\/en\/analysis\/gold-holds-gains-as-holiday-trade-thins\/","title":{"rendered":"Gold Holds Gains as Holiday Trade Thins"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Key Points:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Gold prices (XAUUSD) rose 0.5% early Thursday, trading around $2,630 per ounce, building on two consecutive days of gains.<\/li>\n\n\n\n<li>Major moving averages signal a mixed outlook, with bullish momentum building.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\" \/>\n\n\n\n<p class=\"wp-block-paragraph\">Gold continues to show strength after-Christmas trading, carving out gains while equity futures like the S&amp;P 500 remain flat. The metal benefits from renewed safe-haven demand amid muted stock market activity as the year draws to a close.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Gold prices edged higher on Tuesday in lackluster trading in a holiday-trimmed week, as investors braced for U.S. President-elect Donald Trump&#39;s trade tariff policies and a less aggressive rate-cut path from the Federal Reserve next year. <a href=\"https:\/\/t.co\/33prqFDzmc\">https:\/\/t.co\/33prqFDzmc<\/a> <a href=\"https:\/\/t.co\/jwq0Kw9kvC\">pic.twitter.com\/jwq0Kw9kvC<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/1871487241035329821?ref_src=twsrc%5Etfw\">December 24, 2024<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Early Thursday trading saw prices climb by 0.5%, putting gold at $2,630 per ounce \u2014 a rally that extends into a second day and positions the metal as a standout performer in thin year-end markets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Despite upward momentum, overall trading volumes are subdued, reflecting a global market that has largely priced at major risks such as persistent inflation, <a href=\"https:\/\/t.co\/s1sUVX2t1Q\" title=\"\">continued global conflict<\/a>, and the ongoing effects of <a href=\"https:\/\/t.co\/oKyEvAw8iu\" title=\"\">war in Europe<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Yet, with gold\u2019s technical indicators painting a nuanced picture, traders are finding opportunities to read between the lines.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Analysis<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/wp-content\/uploads\/2024\/12\/image-19-1024x443.jpeg\" alt=\"\" class=\"wp-image-16155\" style=\"width:1449px;height:auto\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><em>Picture: Gold (XAUUSD) hovers around 2628 after a short-term rally, with momentum easing into a holiday-thinned range, as seen on the <a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA\" title=\"\">VT Markets app<\/a><\/em>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As seen in the chart above, gold is climbing steadily from around 2608 to a high near 2629.63, followed by sideways movement in the 2624\u20132629 range.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This indicates that initial bullish momentum has eased into consolidation. During such phases, a breakout above the recent peak of 2630 or a drop below short-term support near 2614 often signals the next directional move.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Implications for the Broader Market<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Last week\u2019s softer-than-expected <a href=\"https:\/\/t.co\/MudETQDJpS\" title=\"\">US PCE inflation<\/a> reading trimmed concerns over the speed of interest-rate cuts in 2024 and 2025.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Although policymakers scaled back their projections for next year, they continue to emphasise data dependence. If inflation remains contained, gold may gain support as yields stabilise or dip.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The US Dollar Index has hovered near two-year highs due to ongoing global uncertainties, but cooler PCE data introduced questions about the pace of future Fed moves.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>See also: <a href=\"https:\/\/www.vtmarkets.com\/analysis\/us-dollar-climbs-near-two-year-high\/\">US Dollar Climbs Near Two-Year High<\/a><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Any retreat in the dollar tends to brighten gold\u2019s appeal, especially with end-of-year market flows adding extra volatility.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Liquidity often drops around the holidays, which amplifies price swings. Even modest buying or selling pressure can lead to abrupt moves above resistance or below support.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Some traders reduce position sizes or employ tighter stops to cope with rapid shifts.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">Create your live VT Markets account<\/a>\u00a0and\u00a0<a href=\"https:\/\/myaccount.vtmarkets.com\/login\">start trading<\/a>\u00a0now.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold gains 0.5%, nearing $2,630, while S&amp;P 500 stays flat. Bullish trends form as key moving averages hold strong. &#8211; vtmarkets.com <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[27],"tags":[7],"class_list":["post-16411","post","type-post","status-publish","format-standard","hentry","category-analysis","tag-gold"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/posts\/16411","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/comments?post=16411"}],"version-history":[{"count":0,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/posts\/16411\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/media?parent=16411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/categories?post=16411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/tags?post=16411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}