Year End Liquidation
The final trading sessions of 2025 saw heavy liquidation as funds squared their books. Despite the dip, gold gained over 60% for the year, driven by central bank accumulation and geopolitical instability.
2026 Outlook
Analysts project a rebound in Q1 2026 as liquidity returns to the market. The core driver will be the Fed's monetary easing path, which is expected to lower real yields and boost non-interest-bearing assets like bullion.