Gold Holds Near Record High Amid Middle East Tensions
Gold prices remained steady near a record high as traders assessed the possibility of increased tensions in the Middle East. The uncertainty surrounding geopolitical events often leads investors to seek safe-haven assets like gold, which tends to perform well during times of crisis.
US Inflation Report Impact on Gold Market
Market participants are also closely watching for the US inflation report, which could have a significant impact on the price of gold. Inflation data is a key factor influencing the Federal Reserve’s decision on interest rates, and higher inflation could lead to a more dovish approach from the central bank.
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