Institution: Thin liquidity during the Christmas holiday may amplify the current rise in gold.

According to a report from 深潮 TechFlow on December 22, analyst Justin Low from the American financial website Investinglive stated that with the Christmas holiday approaching, gold and silver traders have not slowed down. Precious metals continue to surge in the new week, with spot gold now soaring to a new record high above $4400 per ounce. If gold firmly holds above $4400, it will open up greater upward space. However, the headwinds facing gold may not truly manifest until the second half of 2026. Even so, we cannot rule out the possibility of market participants digesting this expectation in advance. The key challenge to the bullish narrative for gold is that “major central banks will gradually shift from rate cuts to eventually mentioning rate hikes again in the future.” This is something to be cautious about. But at least for now, gold buyers will continue to maintain a bullish momentum. However, thin liquidity may amplify the current gains, especially with the Christmas and New Year holidays approaching, leading to a quieter trading environment. Therefore, even though seasonal patterns show that December and January have been good months for gold performance over the past twenty years, liquidity factors need to be taken into account when looking forward to further gains. ( Jin10 )