World gold expands growth momentum
Actualizado
amid geopolitical tensions in the Middle East
Gold prices continued to extend their gains, hovering around $2,451 an ounce, thanks to safe-haven demand amid concerns over escalating tensions following the assassination of a Hamas leader in Iran. The war in Gaza and the deepening conflict in Lebanon have left the entire region in turmoil.
The precious metal's gains were further fueled by Federal Reserve Chairman Jerome Powell's hint that a rate cut could be discussed as early as September if inflation remains in line with expectations.
Traders are now awaiting the US payrolls report due out on Friday for further clues on the Fed's policy path.
Gold prices continued to extend their gains, hovering around $2,451 an ounce, thanks to safe-haven demand amid concerns over escalating tensions following the assassination of a Hamas leader in Iran. The war in Gaza and the deepening conflict in Lebanon have left the entire region in turmoil.
The precious metal's gains were further fueled by Federal Reserve Chairman Jerome Powell's hint that a rate cut could be discussed as early as September if inflation remains in line with expectations.
Traders are now awaiting the US payrolls report due out on Friday for further clues on the Fed's policy path.
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SELL gold 2461 - 2459TP1: 2454
TP2: 2447
SL: 2467
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