Reported 1 day ago
Gold prices have eased from a one-week high due to a strengthening U.S. dollar, with spot gold dropping 0.4% to $2,622.22 per ounce. While the increase in safe-haven demand related to the Russia-Ukraine conflict has limited further declines, expectations surrounding U.S. interest rates and profit-taking have contributed to the downward movement. Analysts suggest that geopolitical uncertainty will continue to support gold market sentiment despite potential short-term decreases.
Source: YAHOO