Gold prices remained higher for the third consecutive session on Monday, December 15, hitting another historic high on MCX, as investors weighed expectations of looser US monetary policy next year and continued geopolitical risks, which keep pressure on the US dollar, thus increasing gold’s safe-haven appeal. The February futures contract on MCX opened higher at ₹1,34,204 per 10 grams, compared to the previous close of ₹1,33,622, and maintained momentum to ₹1,35,496 per 10 grams”>hit another record high of ₹1,35,496 per 10 grams. 75.5%, putting the yellow metal on track for its biggest annual gain since 1979. At 20:10 IST, MCX gold was trading at ₹1,081, or 0.80%, up from ₹1,34,689 per 10 gram in March futures, which rose nearly ₹6,000 a kilo to touch ₹1,99,500, the prices crossing ₹2 lakh for the first time, touching a record high of ₹2,01,615 2025 prices up 130%, nearly double gold’s gains Safe-haven gold buoyed by global tensions, weak dollar Uncertainty surrounding peace talks in Eastern Europe, along with tensions in the Middle East and Latin America, has boosted gold’s appeal as a safe haven The US dollar, which measures the currency against six major peers, is near a two-month low hit last week. hovered, making gold more affordable for overseas buyers, while the benchmark 10-year U.S. Treasury yield fell lower. Non-yielding assets such as gold typically benefit in a lower interest rate environment. Investors are also looking ahead to upcoming U.S. economic data this week, which could signal the prospect of a rate cut by the Federal Reserve October retail sales figures delayed due to US government shutdown The US Federal Reserve delivered a 25 basis point rate cut last week, with further easing dependent on labor market and inflation levels The continued rise in gold prices, according to Jateen Trivedi, VP Research Analyst currency, LKP Securities, is driven by renewed safe-haven demand and expectations about upcoming US economic data. “With non-farm payrolls and the Core PCE price index due this week, focus has shifted firmly to US macro cues, which are expected to keep volatility elevated. Gold prices are now seen trading in a higher range between ₹1,33,000 and ₹1,36,500,” he further added. Axis Securities said the metal has been forming higher highs and higher lows for the past few months, indicating a positive trend for prices. On the weekly chart, it is comfortably placed above the 9- and 60-day EMAs, indicating that momentum is strong on the upside. They expect the yellow metal with a positive bias will trade as long as the ₹1,25,000 level holds.It recommends buying MCX Gold around ₹1,28,000 and targets of ₹1,35,000 and ₹1,37,000.Disclaimer: This story is for educational purposes only analysts or brokerage firms, and not from Mint.We advise investors to check with certified experts before making any investment decisions.