Gold (XAU/USD) price extended its solid intraday recovery from a one-month low and rose to a fresh intraday high, around the $2,622 area during the early European session on Thursday (19/12).
Global risk sentiment deteriorated in reaction to the Federal Reserve's (Fed) hawkish interest rate cut on Wednesday.
This, along with geopolitical risks and trade war fears, turned out to be the main factors driving safe-haven inflows towards the precious metal.
Source: Newsmaker.id
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