Precious Metals Surge Amid Holiday Market Conditions

According to PANews, despite the Christmas holiday affecting global markets, gold, silver, and platinum prices have reached historic highs, continuing their year-end rally. Looking ahead to next week, with New Year's approaching, there are no major macroeconomic data releases expected, and global financial markets are anticipated to remain in a state of low liquidity, with trading volumes significantly below normal levels. The true start of the 2026 market may not occur until the second week of January. Key events to watch in the upcoming week include the Federal Reserve's release of its monetary policy meeting minutes on Tuesday at 03:00 UTC+8, the U.S. initial jobless claims for the week ending December 27 on Wednesday at 21:30 UTC+8, and the final reading of the U.S. December S&P Global Manufacturing PMI on Friday at 22:45 UTC+8. Due to the consecutive holidays of Christmas and New Year's, no Federal Reserve officials or major central banks are scheduled to speak next week. However, the release of the Federal Reserve's December meeting minutes will be closely monitored by investors seeking clues about the timing of the next interest rate cut and the level of concern among policymakers who voted to keep rates unchanged regarding inflation. Selecting a candidate who can achieve consensus within the deeply divided Federal Open Market Committee (FOMC) is crucial. Regardless of U.S. President Donald Trump's choice, the new Federal Reserve Chair is likely to be more dovish than Powell, suggesting that this announcement may pose lower risks to the market.