Gold Price Soars: ETF Flows and Central Bank Buying Fuel XAUUSD Rally
The gold market begins the week with renewed stability as risk assets show resilience. U.S. Treasury Secretary Scott Bessent reassured investors by emphasizing that equity corrections are normal and even beneficial for long-term growth.
Currently, gold prices are experiencing significant momentum. Analysts will closely monitor ETF flows and central bank purchases, as these factors contribute to upward pressure on prices. Investors should focus on key price targets for XAU/USD, especially as ongoing geopolitical tensions drive safe-haven demand.
As we look ahead, the interplay between inflation pressures, central bank monetary policy, and geopolitical events will significantly influence gold prices. Keeping abreast of these developments is crucial for savvy investors aiming to make informed decisions.