Gold prices are still stable around $2586 per troy ounce in the European session on Monday. Until now, gold has only been able to touch its highest area of $2590.
Concerns about increasing geopolitical tensions, along with the weakening US Dollar (USD), turned out to be the main factors that acted as a driver for the precious metal which became a safe haven. However, expectations of a less dovish Federal Reserve (Fed) limited the increase in the yellow metal which did not produce unbalanced results.
The price of Gold when this news was released was +1.00% and was at the level of $2586 Toz.
Source: newsmaker.id
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