Gold Bulls Retain Control

The gold market (XAU/USD) has entered a bullish consolidation phase after reaching an all-time peak in the Asian session on Thursday. However, buyers now show some hesitation to commit further, citing slightly overbought conditions and a prevailing positive risk tone in the market.

Despite these factors, the allure of gold as a safe haven remains strong among investors, especially in uncertain economic environments. This retention of control by gold bulls indicates ongoing interest despite potential fluctuations ahead.

According to Entreprenerdly.com, as tensions rise globally, gold’s position remains firm, with analysts cautioning that the market should be closely observed for indicators of future volatility.

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