Prathamesh Mallya, DVP- Research, Non-Agri Commodities and Currencies, Angel One, believes that the ongoing trend in gold prices will likely continue in 2025, boosting the yellow metal prices for the second half of 2025.

Gold rose more than 2% on Monday to its highest in over three weeks, as a weakening dollar and a combination of geopolitical risks and economic uncertainty fuelled investor demand for safe-haven assets.

The US Dollar bounced off a six-week low, triggering a minor correction in gold prices. This came as equity markets responded to Wall Street's positive overnight performance. The improved risk tone encouraged traders to move away from safe-haven assets like gold. Still, the overall sentiment remains cautious as broader uncertainties persist.