Gold prices are experiencing a third consecutive day of gains, largely influenced by U.S. economic indicators. The moderation in core inflation has resulted in a positive market sentiment, along with hopes for a less restrictive Federal Reserve in 2025.
Despite optimism about future interest rate cuts, Federal Reserve officials emphasize that the fight against inflation is ongoing, which may curb expectations for quick policy shifts.
Uncertainty surrounding potential U.S. policies on global trade continues to bolster gold as a safe-haven asset, despite ongoing geopolitical changes, particularly in the Middle East.
The evolving geopolitical situation in the Middle East and decreasing tensions may reduce demand for gold as a safe haven, which has been significant in recent months.
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