Gold still has room to run in 2026, even after a record-setting year

Gold prices breached successive record highs this year, marking their best annual performance since 1979.

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• Gold broke through $4,500 an ounce in 2025 as the metal's rally gathered historic momentum.
• A weaker dollar, policy uncertainty, and central bank demand are driving a structural shift in gold markets.
• Banks and strategists say gold's bull run may extend into 2026 even without a major crisis.

Gold is finishing 2025 at all-time highs...