Gold News – 04.Nov.2024

Gold News

Gold Stabilization: Gold held above $2,730 after two days of declines as markets await the US presidential election and Federal Reserve policy decision.

Election Impact: Speculation around a possible Trump presidency fueling inflation led investors to buy gold as a hedge against long-term inflation.

Close Election Race: Opinion polls show a tight race, tempering some market expectations.

Fed Policy: The Fed is expected to implement a 25 bps rate cut this week, with another quarter-point cut anticipated for December.

Geopolitical Tensions: Ongoing Middle East tensions continue to support gold’s safe-haven appeal!

Author : Arman Shaban
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