Major news from Russia and Ukraine ignites safe-haven demand! Gold prices soar nearly 17 dollars. How to trade Gold? Technical strategist analysis of gold prices.

On Thursday, driven by safe-haven demand, spot Gold prices rose significantly. However, trading was light after the Christmas holiday. Daniel Pavilonis, a senior market strategist at RJO Futures, stated: "The rise in Gold is partly due to the situation between Russia and Ukraine, as Russia attacked Ukraine's Electrical Utilities."

FX16816minutes ago

The Federal Reserve's "hawkish" stance limits the increase! Gold price at 2616, holiday trading is sluggish. FXEmpire's latest technical analysis on Gold, Dollar, and Euro.

The Federal Reserve's tough interest rate stance limits the rise in Gold, and with the West entering the holiday week, the Gold price is fluctuating around 2616 USD, while the USD maintains a strong market.

FX168Dec 25 15:22

Gold Trade Reminder: Gold prices fluctuate in a narrow range on Christmas Eve, with the market focused on the Federal Reserve's actions in 2025.

On Wednesday (December 25), the Gold market will be closed for the Christmas holiday; Gold prices remained stable on Tuesday during light holiday trading, with investors looking ahead to the Federal Reserve's interest rate strategy and the tariff policies of President-elect Trump, which may impact the trend of Gold next year. Spot Gold fluctuated narrowly on Tuesday, closing up 0.16% at $2616.74 per ounce, with a daily range of only $11.36. Zain Vawda, a market Analyst at OANDA MarketPulse, said: "The current sideways movement seems to be mainly driven by a low liquidity environment."

FX678 FinanceDec 25 07:33

Gold: Strong Dollar Could Keep the Bears on Top

Investing.com Dec 24 21:45

Be careful, Gold may suddenly "change its face"! Technical analysis is issuing warning signals. FXStreet Senior Analyst's analysis of Gold price trends.

On Tuesday morning in the European market, spot Gold maintained an intraday rebound trend, with the current gold price around 2621 dollars per ounce. FXStreet Senior Analyst Dhwani Mehta stated that due to the bearish Relative Strength Index (RSI) on the daily chart and Gold being positioned between two key moving averages, the gold price is still in a "Sell on the rebound" trade.

FX168Dec 24 15:53

Gold Prices Edge Up, Remains Pressured by Strong Dollar After Hawkish Fed

InvestingDec 24 11:58