Key points:

• Gold price jump Monday
• Up in fourth straight day
• Next up: NFP and CPI

Less than 1% between current price and record price. The next few days might be key in ending this year with a bang and a boom.

✨ Gold Nears Record as Year Ends

• Gold XAUUSD climbed to around $4,350, sitting less than 1% below its October record high. That’s striking distance and traders know it.
• Bullion is up roughly 65% this year, turning what was once a “safe haven” into one of 2025’s best-performing assets.
• With momentum intact, the metal is weighing a year-end breakout that could rewrite the closing chapter.

💵 Dollar Softness Fuels the Move

• A weaker US dollar and softer Treasury yields are giving gold a fresh lift, making it cheaper and more attractive for overseas buyers.
• Non-yielding assets like gold benefit when interest rates fall because there’s less “opportunity cost,” meaning less income lost by holding metal instead of bonds.
• Last week’s Fed cut reinforced that dynamic, even as policymakers hinted they may pause further easing.

📊 Data Could Decide the Finale

• Traders now look to Tuesday’s delayed November nonfarm payrolls and October retail sales for clues on the Fed’s next move.
• November’s CPI follows on Thursday, and any inflation surprise could quickly change rate expectations—and gold’s trajectory.
• With prices close to a record, the next few sessions may decide whether gold ends the year with fireworks or just a golden glow.

Source: Tradingview