Business News of Saturday, 20 December 2025

Source: www.ghanaweb.com

Gold on track for $50 weekly gain as prices hold at $4,340 per troy ounce

Gold prices are on track for a weekly gain of about $50 per ounce as markets close the final trading week of 2025.

According to goldprice.org, gold rose strongly earlier in the week ending December 19, 2025, as investors looked ahead to important US economic data that could influence expectations for two more interest rate cuts next year.

However, despite weak US data on jobs, unemployment, and retail sales, gold has mostly stayed flat near $4,340 per troy ounce after the early-week rally.

This suggests that gold may be reaching a temporary limit in the short term.

Here's how much the Bank of Ghana's gold coins are selling for now

Support for gold at these levels comes from demand by Exchange-Traded Funds (ETFs) and central banks, as well as ongoing geopolitical risks around the world.

MA