Institution: Gold will end brilliantly in 2024, and the market is waiting for new catalysts in 2025.

On December 31st, Jinshi data predicts that the last trading day of the year will see a quiet gold trading activity. Tim Waterer, chief market analyst at KCM Trade, said, "Gold has had a brilliant year in 2024, and the pump in the gold price is largely based on the expectation of a transition to a lower Interest Rate environment." Central Bank purchases of gold, loose monetary policies, and geopolitical tensions have driven gold prices to repeatedly hit new highs this year, marking the best performance since 2010, with a cumulative increase of over 26% so far this year. The market is currently waiting for a series of new catalysts, including a series of US economic data that may affect the 2025 Interest Rate outlook to be released next week, as well as the tariff policies of US President Trump. In 2025, "the US Interest Rate outlook will still be the main driving factor for gold prices. Trump's trade policy will shape the inflation outlook, the trajectory of the Fed's Interest Rate, and the key to gold prices," Waterer said.