GOLD
As European traders started their day, they witnessed gold prices surpassing $2,700 for the first time. While it's difficult to pinpoint a single driver behind this week's 2% rise in the precious metal, it's clear that several factors are at play. Geopolitical instability, sluggish economic growth in key regions, a shift in central bank policies towards lower interest rates, and, most recently, uncertainty surrounding the US presidential election have all contributed. Rumours that Donald Trump may be on the verge of winning the election have further fuelled demand for gold, driving it to historical highs. As the prospects of a second term for the Republican candidate rise, markets are turning to gold, the ultimate haven asset.
Ricardo Evangelista – Senior Analyst, ActivTrades
Source: ActivTrader
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