Gold Price Stabilizes Near Record Highs

Gold Price Stabilizes Near Record Highs

From dailyforex.com

Gold prices dipped below $2,460 per ounce at the start of trading on Wednesday but remained near record highs, benefiting from safe-haven demand amid growing geopolitical tensions in the Middle East. Concurrently, Ukrainian forces crossed the Russian border on Tuesday, advancing into western Kursk and exposing vulnerabilities in Russian border defenses. Meanwhile, investors will be watching US consumer price figures on Wednesday for further insight into inflation and clues about the path of the Federal Reserve’s monetary policy. Overall, expectations for a Fed rate cut in September remain unchanged, although market ... (full story)

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