Gold prices continued to rise after hitting a new high on Monday, driven by safe-haven demand, a weaker dollar, and market expectations of further interest rate cuts by the Federal Reserve next year. Odaily research strategist Ahmed Asiri stated that a low-interest-rate and weak-dollar environment naturally increases the relative attractiveness of precious metals. The move towards the $4,500 level reflects that the market has adapted to the high prices, rather than a temporary surge driven by speculative activity. (Gold10)
Analysts: The market is gradually adapting to the surge in gold prices.
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