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Nov 25, 2024

Gold Gains About 1.5% at the End of the Week

 

Gold saw a stunning rally last week, rising about 6%.

With today’s gains alone approaching 1.5%. This rise in gold prices comes amid heightened political uncertainty following Russia’s decision to amend its nuclear doctrine. Additionally, gold is benefiting from the potential return of inflation, although price increases have not increased significantly. Interestingly, we are also seeing a stronger US dollar and lower expectations for a US interest rate cut this week.

  Gold Gains About 1.5% at the End of the Week

Gold has reclaimed the $2,700 level and has broken through the area, and this move reverses the recent downtrend from the previous decline. 


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