Kabuki Takaaki "Weekly Gold Market Outlook" December 1, 2025 issue

The report from Takahiro Kabuki, the representative director and president of Kabushiki Kaisha Investment Daily, and a master of cycle analysis, is written weekly.

This is the Gold Market Outlook report authored by him.

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※This report will be closed during year-end (December 29 issue) and New Year (January 5 issue).The new year will start from the January 13, 2026 issue.

Last week's New York Gold futures (front-month) closed up sharply by $175.40 at $4,254.90. Last week, it was noted that “the high had not been surpassed, and while $4,000 was barely maintained, if the recent narrow range breaks downward, there is a risk of a two-stage decline testing the October 28 low,” but the price continued to rise, and the forecast proved incorrect. On the other hand, the move to aim for a double top continues. Although a rate cut at the December FOMC is 90% priced in, we still do not see material that would cause gold to react strongly, and we expect the current rebound to be limited to a double top at most.

For the continuation, please see the PDF file.

【Takahiro Kabuki — Profile】
Graduated from Kwansei Gakuin University, Faculty of Economics. In 1995, he partnered with the world-renowned U.S. market analyst, Raymond Merriman, and issued domestic first market cycle and astrology reports. He is well regarded for market analysis that leverages cycles and astrology. Representative Director of Investment Daily News Co., Ltd.; Representative Director of Investment Daily Publishing Co., Ltd.; Member of the Japan Technical Analysts Association; Editor-in-chief of ‘Investment Daily α.’

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