Gold prices are expected to soar more than 27% for the year, marking the largest annual increase since 2010, driven by safe-haven demand and central banks' interest rate cuts. However, market sentiment may become more cautious, depending on the policy shifts during Trump's second presidential term. Strong purchases by central banks, geopolitical uncertainty, and loose monetary policy have propelled safe-haven Gold to reach new record highs in 2024, hitting a historical peak of $2,790.15 on October 31. Analysts expect that the factors supporting Gold prices in 2024 will persist into 2025, although they also mentioned potential resistance from Trump's policies, which could stimulate inflation and slow the Fed's rate-cutting pace.