Gold prices remained relatively stable on Monday following a record high, bolstered by ongoing geopolitical tensions, particularly in the Middle East. While possible corrections are anticipated after last week's significant price increase, uncertainties in both global politics and economics might continue to support gold demand. Conversely, optimism about diplomatic progress in Eastern Europe could exert downward pressure on gold prices. Additionally, the upcoming Federal Reserve interest rate decision is crucial; a dovish outlook may boost gold, while a conservative approach could strengthen U.S. Treasury yields, negatively impacting the metal.
Gold prices remained steady after reaching a record high, supported by geopolitical tensions, but could face challenges from potential positive developments in Eastern Europe.
The upcoming Federal Reserve interest rate decision could significantly impact gold prices, depending on whether the Fed adopts a dovish or more conservative stance.
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