The SPDR Gold ETF (GLD) closed on December 26th at $243.07, up 0.68%, as gold prices rose to $2,653.70, marking a 0.69% increase. The rise in gold prices was supported by a combination of factors, including a weaker U.S. dollar and expectations of fewer interest rate cuts by the Federal Reserve in 2025, as indicated by softer-than-expected PCE inflation data. This has increased the likelihood of additional rate cuts, which could further support gold, a non-yielding asset. Additionally, geopolitical tensions and central bank buying have contributed to gold's strong performance, with the metal on track for a 27% gain this year, its best since 2010. The market also saw gold testing key resistance levels, including the 20-Day Moving Average, suggesting potential for further gains if these levels are breached.