Gold prices remained stable today after reaching a record high previously, as rebounding Treasury bond yields limited further increases, indicating potential profit-taking short-term.
The recent surge in gold prices was spurred by favorable market conditions, including dovish Federal Reserve comments and the initial interest rate cut, which fostered a positive outlook.
Geopolitical tensions in the Middle East contribute to increased demand for gold as a safe-haven asset, reinforcing the metal's upward price trajectory despite short-term fluctuations.
Solid investor demand, evidenced by inflows into gold ETFs and emerging market central banks' strong appetite for gold, is expected to bolster prices in the medium term.
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