Reported 2 days ago
Gold prices fell as the US dollar strengthened amid concerns over political instability in France and anticipation of upcoming US jobs data that could impact Federal Reserve interest rate decisions. After a 2.7% drop last week, gold traded at $2,637.32 per ounce. The market is also reacting to reduced demand for safe-haven assets following a cease-fire between Israel and Hezbollah, while ongoing tensions in Ukraine continue to support gold prices. Analysts remain optimistic about gold's performance in 2025, with expected gains from lowered interest rates.
Source: YAHOO