Gold Update: Is XAU/USD becoming a safe-haven asset again? | Metals Mine

  • Gold Update: Is XAU/USD becoming a safe-haven asset again?

    From forex.com

    The last two trading sessions have been important for gold. The precious metal has gained more than 3.5% during this period, showing renewed short-term bullish momentum. For now, buying pressure has held as new tensions in the Middle East continue to support demand for safe-haven assets. This dynamic could be favoring stronger demand for gold and, if it continues, may keep supporting its movements over the next few trading sessions. Over the last few sessions, reports showed that Iran attacked a tanker in the Strait of Hormuz, while the United States carried out another round of airstrikes against Iran amid tensions ... (full story)

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Trader#9D1B
4 hr ago
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It could be related to tariffs.
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