Gold was slightly higher in early Asian trading. Spot gold rose 0.1% to $4,342.50 an ounce. The precious metal has risen about 65% this year. Linh Tran, a market analyst at XS.com, said in a report, “This round of gains not only reflects deep macroeconomic concerns, but also pushes gold into a high-valuation zone, making the market more sensitive to short-term pullback factors.” Tran said that the first quarter of 2026 may be a correction or consolidation period because the high interest rate environment and expectations that the Federal Reserve will remain cautious will remain short-term resistance.

Gold was slightly higher in early Asian trading. Spot gold rose 0.1% to $4,342.50 an ounce. The precious metal has risen about 65% this year. Linh Tran, a market analyst at XS.com, said in a report, “This round of gains not only reflects deep macroeconomic concerns, but also pushes gold into a high-valuation zone, making the market more sensitive to short-term pullback factors.” Tran said that the first quarter of 2026 may be a correction or consolidation period because the high interest rate environment and expectations that the Federal Reserve will remain cautious will remain short-term resistance.