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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