It’s not enough to merely mention that gold is nearing its peak because the precious metal has steadily renewed its historic highs since the year began. Theover the first three months: now, the question arises whether the gold will shine even brighter soon or if investors should be ready to hit the “Sell” button.
Three months is a short time span to draw definitive conclusions. Nevertheless, gold has maintained its lead even at a five-year distance. Just think about it: gold, often seen as a stable asset with low volatility, has outpaced one of the world’s main stock indices. There are several explanations for this. Gold tends to be a sought-after asset in tumultuous times.
However, global conditions suggest that gold still has room to grow. Major central banks may find themselves compelled to reduce interest rates , which could act as a new catalyst for XAUUSD. Additionally, the number of global conflicts and tensions doesn't seem to be diminishing.
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Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »