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Gold Analysis: Benefits from Geopolitical Tensions
According to gold trading platforms, gold prices recorded weekly gains of about 0.3%, adding to their annual increase since the beginning of 2024 by about 5.1%. In the same performance, silver prices, the sister commodity of gold, exceeded the $25 per ounce level again. The white metal price was stable last week but is still up 4% so far this year. In general, the metals market began to emerge amid renewed hopes of the Federal Reserve cutting US interest rates. Last week, the US Federal Reserve kept the benchmark federal funds rate unchanged, but the Summary of Economic Projections (SEP) indicated that officials ... (full story)