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Gold Price Forecast: XAU/USD drifts higher above $3,950 on global uncertainty
Gold price (XAU/USD) extends its rally to around $3,970 during the early Asian session on Tuesday. The precious metal edges higher on political uncertainty across the globe and the expectation of a US interest rate cut. Gold prices broke the $3,000 psychological level for the first time in March and $3,900 on Monday. Economic and political uncertainty in the US, France and Japan boost the safe-haven flows, benefiting the Gold price. Sanae Takaichi’s surprise victory in the Liberal Democratic Party (LDP) leadership election marks an important turning point for Japan’s policy and market outlook and pushes back the ... (full story)
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