Gold’s rally isn’t over yet as downside risks stay low, analysts say
From invezz.com
Gold prices are unlikely to decline significantly in the coming weeks as rising safe-haven demand continues to support the metal, analysts said. Uncertainty in stock markets across the world and elevated geopolitical tensions have continued to support the safe-haven appeal of both gold and silver. Gold climbed to a new record high of $3,066 per ounce on COMEX earlier on Monday. Prices had gained after the US Federal Reserve’s meeting last week. {chart} “US rate cut expectations rose slightly after the meeting, which underpinned gold’s general strength but failed to provide any fresh impetus,” Thu Lan Nguyen, head of ...
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