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Gold Update: XAU/USD Faces the $2,950 Zone Again
Gold has taken on a key role in financial markets, consolidating its position as a safe-haven asset amid the escalating trade war and rising geopolitical tensions. In times of uncertainty, investors are once again turning to gold as a reliable store of value. This trend is particularly evident in China, where the country has once again increased its gold reserves. As of the end of February, total reserves reached $208 billion, compared to $206 billion at the end of January. The Chinese government has repeatedly expressed concerns about a potential global economic slowdown in 2025, prompting an increased allocation to ... (full story)
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- Posted: Mar 12, 2025 3:25pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 262
