Gold prices rebounded after being under pressure in the previous session. This increase occurred as investors sought safe havens amid ongoing global uncertainty. A cautious market ahead of the release of the Federal Reserve minutes has led to renewed interest in gold as a hedge.
The main sentiment stemmed from expectations that the Fed would be less aggressive going forward. The prospect of lower interest rates has diminished the appeal of the US dollar, making non-yielding gold more attractive. Furthermore, geopolitical tensions in various regions have boosted demand for gold as a safe haven asset.
Going forward, gold's movement will continue to be heavily influenced by US central bank policy signals and global geopolitical developments. As long as uncertainty remains high and the dollar remains under pressure, gold prices have the potential to remain strong and even continue to rise. (Cay)
Source: Newsmaker.id
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