Gold prices are currently rising, driven by increased demand for safe-haven assets amid global uncertainty. Pressure from political turmoil and the prospect of a Fed interest rate cut this month has prompted investors to shift their portfolios to precious metals.
Market sentiment is also supported by the weakening US dollar, which provides more room for gold to strengthen. Analysts believe that as long as macroeconomic and geopolitical uncertainty remains high, gold has the potential to maintain its momentum above the psychological level of $3,600.
Source: Newsmaker.id
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