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Gold Rises Amid Safe-Haven Rally
The price of gold has rebounded above $2,670 per ounce after two consecutive sessions of decline, as escalating geopolitical risks in the Middle East continue to bolster demand for safe-haven assets. Reports indicate that Lebanese forces withdrew from the border with Israel late on Monday as an Israeli ground invasion appeared imminent, following the Israeli killing of a Hezbollah leader, which escalated regional tensions.Meanwhile, recent comments by Federal Reserve Chairman Powell that the recent large US interest rate cut should not be interpreted as a sign of similarly aggressive future actions capped gains. ... (full story)
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- Posted: Oct 2, 2024 6:59am
- Submitted by:Category: Technical AnalysisComments: 1 / Views: 194
