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November 27, 2024

Gold Price Builds on Recent Bounce, Approaches $2650

Gold price (XAU/USD) attracted more buyers during the Asian session on Wednesday, looking to build on the recent bounce from the $2600 level. This rebounds momentum is fueled by ongoing geopolitical risks due to the Russia-Ukraine conflict. Additionally, market participants are wary of US President-elect Donald Trump’s tariff proposals which add to the uncertainty. With safe-haven trades becoming more appealing, investors should stay updated on price movements. Gold nearing the $2650 mark reflects its continued strength in uncertain times. Keep a close watch on these developments as they unfold.

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