Gold Price Today: XAU/USD Holds Near $4,480 After Breaking $4,500 — Latest News, Drivers, and 2026 Forecasts (Dec. 25, 2025)
Gold hit an intraday record near $4,525 per ounce on Christmas Eve before settling around $4,479 in thin holiday trading. The late-year surge follows expectations of U.S. rate cuts, a weaker dollar, and safe-haven demand amid geopolitical tensions. Major banks forecast gold in 2026 between the low $4,000s and above $5,000, depending on rates and global risks.