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Gold Update: XAU/USD Approaches Historical Highs
Gold has not stopped climbing and has already accumulated gains of more than 3% over the past five trading sessions. In this moment, the price is trying to test the historical high zone around $3,500 per ounce. Buying pressure remains firm, supported by the fact that central bank gold reserves have begun to gain greater relevance compared to U.S. Treasuries, reinforcing the notion that gold is now positioned as the most solid safe-haven asset globally. As long as reserve demand continues and the backdrop of lower interest rates persists, XAU/USD could maintain stronger and more consistent bullish pressure in the near ... (full story)
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