Gold’s Uptrend Resumes Following Multi-Month Consolidation, Analysts Say
Gold prices have resumed their upward trajectory after breaking out of a consolidation period lasting several months. Analysts from Societe Generale report that gold has surged to $2,940, reigniting interest among investors. This resurgence highlights the ongoing appetite for gold as a safe-haven asset amid global economic uncertainty. As traders navigate potential price fluctuations, keeping a close eye on market trends will be crucial. The renewed bullish sentiment might attract further investments, signaling a pivotal moment in the gold market.