Gold Price Forecast: XAU/USD holds around $2,610 ahead of Christmas Eve – FXStreet

As we navigate towards the Christmas season, the price of gold (XAU/USD) steadies around the $2,610 mark. Investors, observers, and traders keenly watch and hold their breath, anticipating movement in the precious metal’s value as the year comes to a close.

Bearing in mind the festive season and considering the worldwide market patterns, the coming week could witness either a surge or a fall in gold prices. The uncertainty encompassing geopolitical incidents and economic conditions worldwide result in fluctuations in gold prices.

While some experts anticipate a surge due to an increase in demand during Christmas, others predict a fall due to the year-end sell-offs. Either way, the upcoming week leading up to Christmas Eve ensures to provide an interesting and perhaps even nerve-wracking footing for all those involved in the gold market. Read More