Reported 2 months ago
Gold prices saw significant fluctuations at the start of the week, initially dropping over 1% before recovering to nearly $2,435 per ounce. This movement was influenced by concerns over a US economic slowdown, Federal Reserve rate policies, and escalating tensions in the Middle East that could threaten broader conflicts. Despite the selloff, gold remains one of the top-performing commodities this year, buoyed by central bank purchases and increased demand amid geopolitical uncertainties.
Source: YAHOO