Gold rose in the early Asian session. Rising geopolitical risks linked to Iran and Venezuela have revived safe-haven demand for gold, Saxo Bank said.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Bonds offering 4% yields are losing their purchasing power when real inflation is somewhere between 6% to 12%, according to celebrated economist
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Market Overview Despite ongoing geopolitical tensions, the Gold price (XAU/USD) failed to stop its previous session's bearish rally and remained depressed around the 4,463 level, hitting an intraday low of 4,452. However, the main reason behind this decline was the stronger US dollar, which gained traction following the release of
Gold prices pulled back from record highs as profit-taking, a stronger U.S. dollar, rising geopolitical tensions, and mixed U.S. economic data created a range-bound environment.