Gold News – 24.Oct.2024

Gold News

Gold Rebound: Gold rose above $2,737 per ounce in a technical rebound after a 1% decline in the previous session.

Pullback Factors: The previous drop was due to a stronger US dollar and rising Treasury yields, driven by expectations of a cautious Federal Reserve approach to monetary easing.

Safe-Haven Demand: Gold’s upside remains supported by its safe-haven appeal amid ongoing geopolitical tensions in the Middle East.

Additional Support: Uncertainty surrounding the US presidential election and monetary easing from major central banks continues to provide support for gold.

Author : Arman Shaban
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