Gold prices continued their upward momentum, with XAU/USD trading above $2,630, driven by a mix of market optimism and lingering concerns over global economic conditions. The precious metal benefited from a weaker dollar and renewed interest in safe-haven assets, as traders sought stability amid geopolitical tensions and uncertainty around central bank policies.
Source – FXStreet
The rally underscores gold’s resilience as inflationary pressures and potential interest rate adjustments by the Federal Reserve remain key market drivers. Analysts suggest the sustained demand could push gold prices to fresh highs, particularly if macroeconomic risks persist into the coming months. However, some caution that profit-taking might temper gains in the near term, creating a tightly balanced market.
