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Gold prices rose in Philippines on Monday, according to data compiled by FXStreet.

Credit Agricole underscores four key drivers to the gold rally this year and argues a case for the precious metal to stay supported at least in the first half of 2026. The four main factors helping to boost gold prices this year are:

1. Gold use as a currency debasement hedge i.e. investors seeking protection against inflation and fiscal concerns in the likes of the US, Japan, and Europe
2. Safe haven demand i.e. gold becoming preferred amid loss of appeal in traditional safety assets such as the Japanese yen
3. Central bank diversification i.e. central banks across the globe, especially emerging markets, are continuing to increase their gold reserves while at the same time reducing their exposure to the dollar (China obviously one of the bigger names here)
4. Geopolitical risks i.e. rising policy instability across the globe, making for defensive flows alongside stagflation risks growing in many major economies

Given the above drivers, Credit Agricole highlights that gold will continue to stay supported with the Fed set to continue easing further and as fiscal and political risks remain across the globe. That should keep the precious metal bid in the first half of next year, though the momentum will shift away from physical demand and turn more towards real yields and the US dollar outlook.

That as central bank gold holdings are getting close to all-time highs, which could signal that physical demand may be starting to run into some limitations down the road.

This article was written by Justin Low at investinglive.com.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is retracing its recent gains registered in the previous session and trading around 98.40 during the Asian hours on Monday.

Gold prices rose in United Arab Emirates on Monday, according to data compiled by FXStreet.

USD/CAD loses ground for the second successful session, trading around 1.4010 during the Asian hours on Monday. The pair depreciates as the US Dollar (USD) struggles due to the ongoing US federal government shutdown.

Gold prices rose in India on Monday, according to data compiled by FXStreet.

Gold (XAU/USD) edges higher at the start of a new week and, for now, seems to have stalled its sharp retracement slide from the all-time peak, touched on Friday.

Gold prices rose in Malaysia on Monday, according to data compiled by FXStreet.

Bank of Japan (BoJ) Board Member Hajime Takata said on Monday that Japan has already roughly achieved the BoJ’s price target. 

The AUD/JPY cross gains ground to around 98.10 during the Asian trading hours on Monday. The Japanese Yen (JPY) weakens against Australian Dollar (AUD) amid renewed concerns about Japan’s fiscal health.