GOLD - XAUUSD today
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Global gold prices have continued to dip slightly today, with the market's focus shifting toward the escalating tensions in the Middle East. Gold is widely regarded as a safe-haven investment during times of political unrest. Since the beginning of 2024, gold prices have surged by over 28%, driven by fears of growing instability in the region.
According to the latest weekly gold survey by Kitco News, short-term prospects for gold remain positive. The recent developments in the Middle East continue to provide support for gold prices.
Meanwhile, the market anticipates that the U.S. Federal Reserve will persist in cutting interest rates, potentially bringing them below 3%. This expectation has further strengthened the price of gold.
According to the latest weekly gold survey by Kitco News, short-term prospects for gold remain positive. The recent developments in the Middle East continue to provide support for gold prices.
Meanwhile, the market anticipates that the U.S. Federal Reserve will persist in cutting interest rates, potentially bringing them below 3%. This expectation has further strengthened the price of gold.
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