Gold price forecast: Will gold surpass record highs?

Golden event
ambur-bishop

Bloomberg commodity indexes rose for a fourth straight week on worries that a war between Israel and Hamas could spread across the Middle East, raising concerns about European crude and natural gas supplies. Additionally, deteriorating crop conditions in the southern hemisphere have boosted the agricultural sector, while a continued surge in U.S. bond yields has led investors to seek the safety of the Swiss franc, particularly gold. Gold has gained about $160 in the past two weeks, underscoring growing concerns among traders and investors not only about the geopolitical landscape but also about U.S. fiscal policy and whether recent economic growth is real.

Copyright reserved to the author

Last updated: 10/25/2023 02:47

74 Upvotes
15 Comments
Add
Related questions
About Us User AgreementPrivacy PolicyRisk DisclosurePartner Program AgreementCommunity Guidelines Help Center Feedback
App Store Android

Risk Disclosure

Trading in financial instruments involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice. Opinions, market data, recommendations or any other content is subject to change at any time without notice. Trading.live shall not be liable for any loss or damage which may arise directly or indirectly from use of or reliance on such information.

© 2024 Tradinglive Limited. All Rights Reserved.