{"id":650415,"date":"2025-12-23T13:13:13","date_gmt":"2025-12-23T13:13:13","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/650415\/"},"modified":"2025-12-23T13:13:13","modified_gmt":"2025-12-23T13:13:13","slug":"london-market-flat-as-pound-rallies-in-run-up-to-christmas","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/650415\/","title":{"rendered":"London market flat as pound rallies in run-up to Christmas"},"content":{"rendered":"\n<p class=\"yf-7hmkaz\">Pedro Goncalves writes:<\/p>\n<p class=\"yf-7hmkaz\">Gold prices climbed to a record high on Tuesday, moving closer to the $ 4,500-per-ounce mark, as investors sought refuge in the precious metal amid rising tensions between the US and Venezuela.<\/p>\n<p class=\"yf-7hmkaz\">Gold futures rose 1.1% to $4,519.30 an ounce, while spot prices gained 1.6% to $4,482.54 at the time of writing, after touching an intraday record of $4,497.55.<\/p>\n<p class=\"yf-7hmkaz\">&#8220;US-Venezuelan tensions are keeping gold on the radar for investors as an uncertainty hedge,&#8221; said Tim Waterer, chief market analyst at KCM Trade, adding that gold had surged this week as part of a broader repositioning as US interest rates were expected to ease further.<\/p>\n<p class=\"yf-7hmkaz\">Waterer said investors continued to view precious metals as an effective means of diversifying their portfolios and preserving value, adding that &#8220;I don&#8217;t think we are at the high watermark yet for gold or silver.&#8221;<\/p>\n<p class=\"yf-7hmkaz\">US president Donald Trump last week announced a &#8220;blockade&#8221; of oil tankers under sanctions entering and leaving Venezuela.<\/p>\n<p class=\"yf-7hmkaz\">Gold also drew support from reports that Trump could appoint a new Federal Reserve chair by early January, with markets pricing in two interest rate cuts next year amid expectations of a more dovish policy stance.<\/p>\n<p class=\"yf-7hmkaz\">The precious metal has surged more than 70% this year.<\/p>\n","protected":false},"excerpt":{"rendered":"Pedro Goncalves writes: Gold prices climbed to a record high on Tuesday, moving closer to the $ 4,500-per-ounce&hellip;\n","protected":false},"author":2,"featured_media":650416,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7757],"tags":[748,393,9021,1880,4884,257,35692,16,15],"class_list":{"0":"post-650415","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-london","8":"tag-britain","9":"tag-england","10":"tag-european-markets","11":"tag-ftse-100","12":"tag-great-britain","13":"tag-london","14":"tag-major-indices","15":"tag-uk","16":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115769062374148609","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/650415","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=650415"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/650415\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/650416"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=650415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=650415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=650415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}