"Gold continued to climb on Thursday, breaking yet another record as a weaker US dollar and persistent geopolitical tensions reinforced demand for safe-haven assets. The dollar remains under pressure while ongoing tariff uncertainty and growing concerns about the Federal Reserve's independence boost demand for gold. Adding to investor unease, the risk of a US government shutdown continues to loom. While negotiations in Congress suggest a possible compromise, any signs of disagreement could quickly revive risk aversion and further benefit gold."
"The metal remains well supported by strong investment flows and sustained central bank buying. The latter's diversification away from the dollar could continue to support gold purchases over the long term. At the same time, rising tensions in the Middle East and the ongoing risks in Eastern Europe continue to cloud the global outlook. Taken together, a weaker dollar, political uncertainty, and persistent geopolitical risks keep the near- and medium-term outlook for gold firmly bullish."
Gold continued to climb, breaking records as a weaker US dollar and persistent geopolitical tensions increased demand for safe-haven assets. The dollar remains under pressure amid tariff uncertainty and growing concerns about the Federal Reserve's independence, which has boosted investor demand for gold. The risk of a US government shutdown adds to investor unease; negotiations in Congress suggest a possible compromise, but signs of disagreement could revive risk aversion and further benefit gold. Strong investment flows and sustained central bank buying continue to support the metal, with central banks diversifying away from the dollar. Rising tensions in the Middle East and risks in Eastern Europe keep the near- and medium-term outlook bullish.
Read at London Business News | Londonlovesbusiness.com
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