Gold Surges Over 100 Posts Strongest Intraday Gain Since 2016

Bonisiwe Shabane

-Dec 28, 2025, 1:49 AM

gold surges over 100 posts strongest intraday gain since 2016

Gold is having a powerful rally today, up nearly $100 or 3.33% at $3,081.26. The intraday high reached $3,087.78, marking a $105.62 gain at session highs—surpassing the largest intraday gain ($102.48) since January 2016. Today’s move comes after a sharp pullback from last Thursday’s high at $3,167.74, which saw gold drop as much as $211 to Friday’s low of $2,956.66. Price action was relatively flat yesterday, closing near $2,982.16, before today's surge fueled by safe-haven demand amid escalating trade tensions. On the daily chart, the recent decline which bottomed on Monday found buyers near the 50-day moving average, which has served as a key support level. Notably:

The last time gold traded below its 50-day MA was back on January 8, when the 50- and 100-day MAs were converging. The bounce from the low this week also held just above the 38.2% retracement of the rally from the December 18 low. That retracement level sits at $2,944.97, while Monday’s low came in at $2,956.66. Gold futures staged a powerful rally on Monday, gaining $112 (+2.79%) to trade at $4,120.20 per troy ounce, suggesting the precious metal may have completed a two-week consolidation period and could resume its historic... The December contract reached an all-time high of $4,374 on October 20 before initiating a sharp correction. The following session saw gold plunge $235, marking the beginning of a defined pullback that would test the resolve of bullish traders.

By October 28, prices had retreated to an intraday low of $3,901.90—a decline of roughly $472 from the record peak. Technical analysis reveals that most candlestick real bodies found support just below the critical 61.8% Fibonacci retracement level at $3,953. This retracement, calculated from the September 18 low through the October 20 high, proved significant as prices required seven trading days to reach these levels and remained range-bound for an additional seven sessions before... Monday's surge appears driven by two primary catalysts. First, market participants are increasingly confident the Federal Reserve will implement another interest rate cut in December, which historically supports gold prices by reducing the opportunity cost of holding non-yielding assets. Second, cautious optimism has emerged regarding a potential resolution to the ongoing government shutdown, the longest in history.

Currently there are expectations that Congress may reach an agreement within the next one to two weeks. The recent pullback, while unnerving to some investors, represents a natural and healthy correction following gold's extraordinary $1,000+ advance since mid-August. Market analysts have widely characterized this consolidation as a temporary pause rather than a trend reversal, with the fundamental drivers that propelled gold to record territories remaining firmly intact. The price of gold (XAUUSD) surged to an all-time high Tuesday, gaining ground for the sixth straight session, amid renewed tariff uncertainty and expectations that the Federal Reserve will cut interest rates soon. A U.S. federal appeals court late Friday ruled that most of President Donald Trump's "reciprocal" tariffs were not supported by current law, raising questions over whether the import levies will remain in place and reviving concerns...

Investors often turn to gold, a traditional safe-haven asset, during times of economic uncertainty. Meanwhile, investors have grown increasingly hopeful that the Fed will make its first rate cut of 2025 when its policy committee meets in two weeks. Lower interest rates buoy the commodity by reducing competition from yield-bearing assets like Treasury securities. The August jobs report, which is due to be released Friday morning, will likely drive short-term sentiment in the precious metal. Investors will be looking for confirmation in the numbers of trends that would make it even more likely the Fed will cut its benchmark rate. Spot gold was up 1.8% at $3,540 an ounce on Tuesday afternoon.

The precious metal has gained about 35% since the start of the year, supported by central bank buying, tensions in the Middle East, and economic uncertainty. Gold’s 2025 rally has been nothing short of historic, surging 30% year-to-date to an all-time high of over $3,400/oz—the strongest start to a year ever. Since Trump’s tariff announcement, gold has added $800, notched six $100+ intraday swings, and now trades at a $2,400 premium to platinum. Bullish momentum has been driven by geopolitical instability, US policy uncertainty, and record central bank buying, while ETF and retail demand—particularly from China—have surged. Chinese gold ETFs added RMB5.6bn (US$772mn) in March alone, pushing total AUM to a record RMB101bn (US$14bn). Holdings reached 138t, also a record, fueled by safe-haven demand amid global trade and domestic economic concerns.

Positioning remains mildly long, but sentiment is at peak bullish. Parabolic moves in gold crosses (e.g., XAU/TRY +38% YTD) and record auction volumes—nearly 400k oz in a single session—suggest large-scale players are acting with maximum impact. Technically, gold is trading more like a high-beta stock, with signs of late-cycle behavior and potential for a blowoff top. The GLD ETF is up 22% this quarter—its best ever—fueling further FOMO. Bearish risks include a US-China trade breakthrough, a sudden reversal in central bank demand, or renewed confidence in the US dollar. The bond market's recent volatility, with 30-year yields spiking to 5%, alongside speculation about China and Japan dumping USTs in favor of gold, highlights a deeper systemic shift.

While no one has the conviction to short gold, the current landscape suggests it’s increasingly trading on macro fear and structural change, not just fundamentals. Superpowers Battle, Gold Is Up Precious Metals Weekly Update - Gold And Extreme Volatility Precious Metals Market Update - Gold Reaches All-Time High - Again Disclaimer: Strategic Wealth Preservation (SWP) is a fully-integrated precious metals dealer and vaulting facility located in the Cayman Islands. SWP specializes in the acquisition and secure storage ... GOLDPRICE.ORGprovides you with fast loading charts of the current gold price per ounce, gram and kilogram in 160 major currencies. We provide you with timely and accurate silver and gold price commentary, gold price history charts for the past 1 days, 3 days, 30 days, 60 days, 1, 2, 5, 10, 15, 20, 30...

You can also find out where to buy gold coins from gold dealers at the best gold price. Gold jumped to a record $3,508.50 (€3,015.08) an ounce on Tuesday, fuelled by expectations of a US Federal Reserve rate cut and mounting uncertainty for investors. The precious metal is seen as a haven for investors, with demand for it surging when trust in the stability of paper currencies or financial markets dips. Earlier this year, gold prices surged when US President Donald Trump announced a raft of controversial tariffs against other countries. Gold's record-high value underscores deep unease over the global outlook and questions about the Fed’s independence as US President Donald Trump ramps up pressure on policymakers. The rise in gold prices has come as part of a multiyear rally for precious metals.

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ICE Group does not guarantee the accuracy, adequacy, completeness or availability of any ICE Data and is not responsible for any errors or omissions, regardless of the cause or for the results obtained from... In no event shall ICE Group be liable for any direct, indirect, special or consequential damages, costs, expenses, legal fees, or losses (including loss income or lost profit and opportunity costs) in connection with... Data Source: Copyright © 2024 FactSet Research Systems Inc. All rights reserved, Multi Commodity Exchange of India Limited Sources: ICE Benchmark Administration, Multi Commodity Exchange of India Limited, Shanghai Gold Exchange, World Gold Council; Disclaimer Gold futures staged a powerful rally on Monday, gaining $112 (+2.79%) to trade at $4,120.20 per troy ounce, suggesting the precious metal may have completed a two-week consolidation period and could resume its historic...

The December contract reached an all-time high of $4,374 on October 20 before initiating a sharp correction. The following session saw gold plunge $235, marking the beginning of a defined pullback that would test the resolve of bullish traders. By October 28, prices had retreated to an intraday low of $3,901.90—a decline of roughly $472 from the record peak. Technical analysis reveals that most candlestick real bodies found support just below the critical 61.8% Fibonacci retracement level at $3,953. This retracement, calculated from the September 18 low through the October 20 high, proved significant as prices required seven trading days to reach these levels and remained range-bound for an additional seven sessions before... Monday's surge appears driven by two primary catalysts.

First, market participants are increasingly confident the Federal Reserve will implement another interest rate cut in December, which historically supports gold prices by reducing the opportunity cost of holding non-yielding assets. Second, cautious optimism has emerged regarding a potential resolution to the ongoing government shutdown, the longest in history. Currently there are expectations that Congress may reach an agreement within the next one to two weeks. The recent pullback, while unnerving to some investors, represents a natural and healthy correction following gold's extraordinary $1,000+ advance since mid-August. Market analysts have widely characterized this consolidation as a temporary pause rather than a trend reversal, with the fundamental drivers that propelled gold to record territories remaining firmly intact.

Gold Surges Over 100 Posts Strongest Intraday Gain Since 2016

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