Gold futures rise on a weaker dollar and easing U.S. Treasury yields. Futures rise 0.6% to $2,630.30 a troy ounce. The precious metal has regained some ground after Donald Trump's U.S. presidential election victory prompted a surge in the greenback, suppressing gold demand.
Geopolitical risks have reemerged, driving safe-haven demand for gold and solidifying its role as a reliable hedge, says Pepperstone's Ahmad Assiri. The precious metal's future trajectory has split market opinions, Assiri says in a note. It could sink to lower price levels if the Federal Reserve tightens U.S. monetary policy, or conversely hit fresh highs if central bank purchases stay strong into 2025, Assiri writes. Either way, lingering monetary policy and the broader economic outlook continue to amplify gold's appeal as a hedge against volatility, he adds.
Source : Dow Jones Newswires
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