Gold Prices Surge from One-Month Lows as Global Risks Persist
Gold prices (XAU/USD) are recovering after hitting a one-month low around the $2,584-$2,583 levels during the Asian trading session on Thursday. This rebound indicates a potential end to a two-day losing streak. Geopolitical tensions and concerns about trade wars continue to weigh on global risk sentiment.
The Federal Reserve’s recent hawkish tone, communicated on Wednesday, is creating a cautionary atmosphere in the market. Investors are reacting to the Fed’s stance, favoring gold as a safe-haven asset amid heightened uncertainties surrounding global financial stability.
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