A “revival” in Chinese demand for gold and central-bank purchases are likely to lead gold prices a bit higher next year despite expectations for a stronger dollar and rise in Treasury yields, according to Capital Economics.

Gold prices have a strong chance of rising next year, but headwinds are possible, experts say. Here's what to know.

Gold prices eased from a one-week high on Wednesday as the dollar strengthened, though safe-haven demand linked to Russia-Ukraine tensions helped cap further losses.

The dollar index gained 0.5 per cent, on track for its best day in over a week, making greenback-priced bullion more expensive for holders of other currencies

Gold eased as the dollar strengthened, with investors looking ahead to key US data due on Friday that may offer clues on the Federal Reserve’s interest-rate decision later this month.