Gold bulls are gaining strength as prices hit all-time highs in many G10 currencies, reflecting a surge in real demand due to economic uncertainties.
Current challenges in the U.S. economy, including jobless claims and a large deficit, have intensified concerns, pushing investors toward gold as a safe haven.
U.S. retail sales, Fed officials' speeches, the forthcoming elections, and China's economic measures will be pivotal for gold's trajectory in the coming months.
The unpredictable nature of future Fed rate hikes, coupled with economic indicators, may further bolster gold prices as investors seek stability amid volatility.
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