Overview

• December Comex gold settled at $3,809.00 per ounce, up 1.00% on Friday and 2.79% for the week.
• The move tracked a weaker dollar and lower Treasury yields, with safe-haven demand supported by geopolitical tensions.
• Inflation data landed in line with expectations, reinforcing market bets on additional Federal Reserve rate cuts.
• Strong central-bank purchases continue to underpin the market, with gold up more than 40% year to date.
• In Brazil, the retail price for 24K gold was reported around R$646 per gram.