The gold market continues to hold its ground even as the Federal Reserve strikes a more hawkish tone due to stubborn inflation pressures, according to the minutes from the December monetary policy meeting.

The gold market may be preparing to end the year on a soft note, on pace to close out December with a loss for the first time in seven years. However, there is still a significant amount of optimism in the marketplace ahead of the new year.

Dec 26 (Reuters) - Gold prices rose on Thursday, driven by safe-haven demand in light trading after the Christmas holiday, as markets awaited signals on the U.S. economy under the incoming Trump administration and the Federal Reserve's interest rate strategy for 2025.

Dec 12 (Reuters) - Gold slipped over 1% on Thursday as investors booked profits after it briefly reached a five-week high earlier in the session and squared positions ahead of a U.S. Federal Reserve meeting next week.

Dec 3 (Reuters) - Gold prices trimmed gains on Tuesday after strong U.S. jobs data hinted at a cautious approach to rate cuts by the Federal Reserve, while a softer dollar and easing Treasury yields capped losses as markets awaited further economic cues.

Nov 19 (Reuters) - Gold prices climbed for a second consecutive session on Tuesday, hitting a one-week high as mounting Russia-Ukraine tensions sparked a rush for safe-haven assets, while investors awaited key signals on the Federal Reserve's interest rate plans.

In recent trading, December Gold futures demonstrated significant volatility, briefly dipping to $2595.70 before recovering above the crucial $2600 level to settle at $2606.

Gold prices plummeted in dramatic fashion today following Donald Trump's landslide victory in the presidential election.

Gold and silver futures prices are up in early U.S. trading Monday, with gold near Monday’s record high of $2,755.40, basis December Comex futures, while silver futures overnight hit another 12-year high.

Gold hit an all-time high on Thursday, steered by uncertainty surrounding the US election and expectations of more interest rate cuts by major central banks, while spotlight shifted to a slew of US data.