Gold has reached historical highs this week, driven by market expectations of interest rate cuts from the Federal Reserve and ongoing geopolitical tensions.
Fed Chairman Jerome Powell's upcoming speech is pivotal, as investors anticipate signals about potential interest rate cuts that could further support gold's price.
The Dollar Index is nearing this year’s lows as markets react to the prospect of interest rate adjustments, which has led to an increase in gold prices.
While there is optimism around the U.S. government’s negotiations for a ceasefire in Gaza, skepticism persists among officials regarding the likelihood of achieving a successful agreement.
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