TOKYO — Gold prices are widely expected to rebound next year, according to market analysts, as the precious metal remains attractive as a safe-haven asset, with prices likely to be supported by persistent demand from Asian consumers and central banks.
But President-elect Donald Trump’s return to the White House will be a source of volatility for gold, the price which has been rising for the past couple of years, lifted by demand for the metal as a hedge against inflation. Geopolitical uncertainties such as the Israeli-Hamas conflict and Russia’s invasion of Ukraine have also contributed to the commodity’s rising prices.
