Gold Prices Shatter Records, Soar Past $4,500 Amid Global Uncertainty

• Spot gold hit a historic high of over $4,500 per ounce on December 24, breaking all previous records.
• Geopolitical uncertainty, inflation concerns, and expected interest rate cuts fueled gold's safe haven demand.
• Indian gold prices also surged; 24-carat gold reached 13,856 rupees per gram on December 24.
• Experts note strong safe haven demand and a positive long-term outlook for gold despite short-term volatility.
• Future gold prices will depend on macroeconomic indicators, central bank policies, and geopolitical developments.

Why It Matters: Gold prices reached unprecedented highs globally and in India due to safe haven demand and global uncertainty.