Gold News – 10.Dec.2024
Gold News
Gold Price Increase: Gold climbed above $2,660 per ounce, marking a second consecutive session of gains.
China’s Policy Shift: China’s Politburo announced plans to loosen monetary policy for the first time in 14 years to stimulate the economy, boosting commodities.
China’s Gold Reserves: China’s central bank increased its gold reserves for the first time in seven months, supporting demand for gold.
Geopolitical Risks: Rising tensions in the Middle East, including the fall of the Syrian government, drove safe-haven demand for gold.
Focus on US Inflation: Upcoming US inflation reports could shape expectations for Federal Reserve monetary policy.
Author : Arman Shaban
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