The SPDR Gold ETF (GLD) closed on December 31st at $242.13, up 0.62%, as gold prices rose 0.77% to $2,638.30 per ounce amid year-end positioning and economic uncertainty. Gold's upward movement was fueled by traders adjusting their portfolios for the new year, with the metal gaining traction as a safe haven amid inflation concerns and geopolitical tensions. The strong performance of gold in 2024, with a 23% annual average increase, has defied analyst expectations, driven by central banks increasing reserves and investors seeking stability. Despite a strong U.S. dollar, gold's appeal remains robust, supported by potential market volatility and the prospect of U.S. interest rate cuts.