Institution: Christmas vacation liquidity sparse or amplify the current rise in gold.

Analyst Justin Low from the American financial website Investinglive stated that as the Christmas holiday approaches, gold and silver traders have not slowed down. Precious metals continued to rise in the new week, with spot gold now soaring to a new record high above $4400 per ounce. If gold firmly remains above $4400, it will open up even greater upside potential. However, the headwinds facing gold may not truly manifest until the second half of 2026. Even so, it cannot be ruled out that market participants may anticipate this possibility in advance. The key challenge in the narrative of gold's rise is that "major central banks will gradually shift from rate cuts and start mentioning rate hikes in the future", which is something to be cautious about. However, at least for now, gold buyers will continue to maintain their bullish momentum. Nevertheless, thin liquidity may amplify current gains, especially as the Christmas and New Year holidays approach and market trading becomes increasingly subdued. Therefore, even though seasonal patterns show that December and January have been better performing months for gold over the past twenty years, when looking ahead to further gains, liquidity factors should also be taken into consideration.