The outlook for next year could have implications for the yellow metal, especially given the evolving narrative around fiscal inflationary pressures that are likely to persist.
A potential shift in focus from monetary to fiscal risks could reignite demand for gold, as markets become wary of increased government spending in a moderately inflationary environment.
Technically, gold continues to consolidate within a well-defined range, with the $2,700-$2,720 resistance zone posing a challenge for bullish momentum moving forward.
Gold's resilience signifies its role as a hedge against long-term price instability, supported by fiscal pressures amid a cautious outlook from the Fed for 2025.
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