Gold has gained over 26 so far this year
Geopolitical tensions to remain key driver in 2025 analyst
Platinum edges up from over threemonth low on Friday

Dec 30 Reuters Gold prices were little changed on Monday, while investors waited for more clues on the U.S. Federal Reserve39;s interest rate outlook and Presidentelect Donald Trump39;s tariff policies, which could shape the metal39;s 2025 trajectory.

Spot gold inched down 0.1 to 2,617.52 per ounce as of 0751 GMT. U.S. gold futures dropped 0.1 to 2,629.20.

The dollar index has been rather flat, helping gold maintain its sideways movement, said Kelvin Wong, OANDA39;s senior market analyst for Asia Pacific.

Geopolitical tensions have been a major factor in gold39;s uptrend this year and are still likely to be a part of the narrative in 2025, especially with Trump entering the picture, he said.

From a very shortterm perspective, until the start of the new year, we are very likely to see this kind of lethargic sideways price movement, Wong said.

Markets are now preparing for major U.S. policy shifts, including potential tariffs, deregulation and tax changes, in 2025 once Trump returns to the White House in January.

Bullion prices have gained more than 26 so far this year and scaled an alltime peak of 2,790.15 on Oct. 31, fuelled by significant Fed rate easing, including a jumbo cut in September, along with heightened geopolitical uncertainties.

Gold is considered a hedge against geopolitical turmoil and…