Spot gold bulls rejoin the market as geopolitical risks reignite safe-haven demand
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The precious metal prices reject the downside challenge as renewed safe-haven demand returns on geopolitical risks and reclaims the $2,400 handle. Hawkish comments and Fed chair Powell's indication of no imminent rate cuts sparked speculation, unsettling the market and leading to expectations of rate cuts in September and December.
Spot gold bulls rejoin the market as geopolitical risks reignite safe-haven demand
Spot gold bulls rejoin the market as…
Spot gold bulls rejoin the market as geopolitical risks reignite safe-haven demand
The precious metal prices reject the downside challenge as renewed safe-haven demand returns on geopolitical risks and reclaims the $2,400 handle. Hawkish comments and Fed chair Powell's indication of no imminent rate cuts sparked speculation, unsettling the market and leading to expectations of rate cuts in September and December.