Gold Prices Rise As Investors Seek Safe Haven Amid Rising

gold Prices Rise As Investors Seek Safe Haven Amid Rising вђ Flickr
gold Prices Rise As Investors Seek Safe Haven Amid Rising вђ Flickr

Gold Prices Rise As Investors Seek Safe Haven Amid Rising вђ Flickr Gold’s uptrend continues after hitting a new all-time high (ATH) at $2,625 Even though all the signs point upwards, the rally of the golden metal seems overextended, opening the door for a pullback Gold prices advanced on Thursday after the Federal Reserve (Fed) embarked on an easing cycle with a 50-basis-point (bps) rate cut Traders ignored the rise of US Treasury yields, which correlate

gold prices rise To 6 Month High as Investors seek safe haven
gold prices rise To 6 Month High as Investors seek safe haven

Gold Prices Rise To 6 Month High As Investors Seek Safe Haven The Fed move, which lowered interest rates to the range of 475%-5%, is part of a broader anticipated easing cycle, with two more cuts being expected in 2024 Gold is one of the most vital metals in the world and a unique asset, with the ability to enhance portfolio diversification, act as store of value, and hedge against systemic risk Gold prices hit a new high on Friday amid a weakened dollar and simmering tension in the Middle East, a day after it jumped to a record following the US Federal Reserve's first interest rate cut in Geopolitical Tensions May Renew Safe-Haven Demand for Gold Amid economic concerns developments could support gold prices, as investors seek stability in uncertain times

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