The recent rise in gold prices follows the U.S. Federal Reserve's first interest rate cut in years, marking a significant moment in the financial markets.
Despite a cut in interest rates, Fed Chair Powell urged caution, indicating that the central bank is not in a rush to further ease monetary policy.
Gold's attractiveness is bolstered by a weakening U.S. dollar and decreasing Treasury yields, creating an ideal market environment for investors seeking safe-haven assets.
Concerns about economic slowdowns in both the U.S. and China, alongside escalating tensions in the Middle East, continue to enhance gold’s appeal as a safe-haven asset.
Collection
[
|
...
]