Gold moved above $2600 on Monday during the Asian trading session. Currently, Gold is still struggling to capitalize on last week's modest recovery from a one-month low and is fluctuating.
In addition, geopolitical risks stemming from the prolonged Russia-Ukraine war and tensions in the Middle East are further supporting the precious metal as a safe haven. On the other hand, the Federal Reserve's (Fed) hawkish signal that they will slow the pace of interest rate cuts in 2025, continues to support the increase in US Treasury bond yields.
Source: Newsmaker.id
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