Gold Prices Climb as Traders React to Lebanon Ceasefire
Gold prices have risen into the $2,650 range today as traders respond to news of a ceasefire deal between Israel and Hezbollah. Following heavy selling earlier in the week, the market sees a shift as traders choose to ‘buy the fact.’ The ceasefire’s impact remains uncertain, with skepticism about its long-term sustainability in light of ongoing tensions in Gaza. Traders should remain alert to potential changes in sentiment as these geopolitical events unfold.
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