Gold: Profit-taking at year-end only natural

Ricardo Evangelista – Senior Analyst, ActivTrades

The gold price fell on Monday after previously reaching a record high of around $4,550. The precious metal is still on track to achieve a gain of around 70% by 2025.

After reaching a new all-time high at the end of last week, it is only natural that there will be profit-taking before the end of the year, which has led to the price decline observed today. A slight increase in the US dollar and the White House’s cautious optimism regarding the prospects for a ceasefire in Ukraine also limited gold’s upward trend.

Outlook for gold remains positive

Nevertheless, the outlook for the precious metal remains positive, supported by expectations of a restrained monetary policy from the Federal Reserve, further reinforced by the continued political control by the Trump administration, as well as continued demand for safe-haven assets due to geopolitical and economic uncertainties.

About ActivTrades:
Founded in 2001, ActivTrades is an independent broker for Forex and Contracts for Difference (CFDs). From its headquarters in Luxembourg, ActivTrades serves a broad European client base, which has benefited for years from a comprehensive product range, competitive spreads, continuous innovation, excellent technical infrastructure and effective risk management. ActivTrades abolished the margin call obligation for its customers back in July 2013. ActivTrades pays particular attention to intensive customer support and is available around the clock for this purpose. .

Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. ActivTrades Europe SA, Public Limited Company, is authorised and regulated by the Commission de Surveillance du Secteur Financier (CSSF). ActivTrades Europe SA is registered in Luxembourg under number B232167 .

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