Gold prices continued their rise in the early Asian session on Wednesday (05/22) when this news was released, gold prices moved in the $3322 area, this was accompanied by several fundamental factors because investors were likely to switch from government bonds to precious metals. The global bond market is shaky, with traditional safe haven assets such as gold strengthening.
There are also growing concerns over the US fiscal outlook "If all else is equal, that means higher demand for haven assets," from the geopolitical side of Israel and Iran also support demand for safe haven assets.
Source: Newsmaker.id -ayu
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