Reported about 11 hours ago
The recent de-escalation of tensions between the US and China, following a trade deal between President Trump and President Xi, has temporarily stabilized gold prices, which initially fell due to a Federal Reserve interest rate cut but later rebounded above $4,000. Experts suggest this easing of geopolitical tensions may reduce gold's appeal as a safe haven in the short term, but long-term prospects remain bullish, with predictions indicating gold may reach $5,000 an ounce next year.
Source: YAHOO