Gold News – 21.Oct.2024

Gold News

Gold Price Surge: Gold climbed to around $2,730 per ounce, hitting new record highs due to increased demand for safe-haven assets.

Middle East Tensions: Heightened tensions between Hezbollah and Israel are contributing to gold’s appeal.

US Elections Uncertainty: Concerns over the upcoming US presidential elections are driving demand for safe-haven investments.

Monetary Policies: Expectations of looser monetary policies from central banks, including the PBoC and ECB rate cuts, are supporting gold prices.

US Economic Data: Strong US economic data is fueling expectations of a less dovish stance from the Federal Reserve.

Author : Arman Shaban
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