Gold saw a modest pullback toward $4,414.60 per ounce during late 2025 trading, a move widely viewed as a healthy technical correction following the strong rally recorded in recent weeks.

The decline was driven mainly by profit-taking activity amid thinning year-end liquidity, along with a slight improvement in risk appetite. However, the broader fundamental drivers supporting gold remain firmly in place. Expectations of continued monetary easing, combined with lingering uncertainty surrounding global growth and inflation in 2026, continue to reinforce gold’s appeal as a key hedge.