Gold prices are on the rise, with XAU/USD inching closer to its all-time high as investors remain bullish on the precious metal. The momentum stems from growing speculation that central banks may adopt a more dovish monetary stance in response to signs of slowing global economic growth. Gold’s appeal as a safe-haven asset has further strengthened, attracting steady demand.
Source – FXStreet
Traders are closely watching the $2,075 mark, the current record high, as strong support from weaker bond yields and a softer dollar continue to push prices higher. The rally also reflects lingering geopolitical uncertainties, which have reinforced gold’s status as a hedge against volatility. Analysts predict sustained demand could keep gold on track to test—and possibly surpass—its historical peak.
