Gold prices regained strength in Europe on Thursday. Prices have now stabilized after a sharp decline earlier in the session due to a stronger dollar and US markets being closed for Thanksgiving.
The decline reflects a recalibration of the geopolitical risk premium embedded in gold prices, with a ceasefire agreement between Lebanon and Israel easing tensions and lowering safe-haven demand.
Despite the decline, the precious metal remains supported by strong buying interest at lower levels.
Source: newsmaker.id
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