Gold Soars to All-Time Highs on Rate Cut Hopes, Safe-Haven Demand

• Gold prices hit a record $4,383.73 per ounce globally and ₹13,417 per gram in India on December 22.
• The surge is driven by expectations of US Federal Reserve rate cuts, persistent safe-haven demand, and a softer US dollar.
• The precious metal gained approximately 67% in 2025, fueled by geopolitical tensions and aggressive central bank buying.
• YES Bank revised its outlook, now projecting gold to reach $4,500–$4,550 per ounce, exceeding earlier expectations.
• Despite potential dollar strength in late 2026, geopolitical uncertainty and central bank purchases continue to support prices.

Why It Matters: Gold's record surge is fueled by rate cut hopes, safe-haven demand, and central bank buying.