Gold Price Reaches Multi-Day Peak: Key Drivers
Gold prices have surged, reaching a four-day high in the $2,662-2,663 range during Friday’s Asian session. This significant rise is largely attributed to increasing geopolitical risks and trade war fears, which are driving demand for safe-haven assets. Additionally, speculations that the Federal Reserve may lower borrowing costs again in December, coupled with a decrease in US Treasury bond yields, have bolstered support for gold. Investors should be aware of the external factors fueling this price increase and consider how it might affect their investment strategies.
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