Skip to content Skip to footer

Gold price comes close to breaking $2,000 as Middle East tensions escalate

Gold is currently trading close to its record high, at $1,985/oz, having risen steadily since the start of the Israel-Hamas war on 7 October. The traditional real asset inflation-hedge remains a favoured investment in times of geopolitical volatility — as it can act to preserve purchasing power through inflationary periods and also hedge against falling equities. For…

Read more

gold around $2,600/oz is a buying opportunity

Gold Price Forecast: XAU/USD recovers US PMI-led losses but stays below $2,000

Gold price snaps the losing streak, trading higher around $1,970 per troy ounce during the Asian session on Wednesday. The price of the precious metal receives upward support due to the stable US Dollar (USD) post-trimming recent losses. Moreover, being a non-interest-bearing asset, the opportunity cost of holding Gold eases, which could be attributed to the downbeat…

Read more