• Sat, Feb 7, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Indonesia News Portal for Traders | Financial & Business Updates

25 October 2024 17:31  |

Gold trades sideways, underpinned by continued safe-haven flows

Gold (XAU/USD) stays stuck in this week’s mini range, exchanging hands in the $2,720s on Friday, as the precious metal is still supported by safe-haven flows due to a high level of geopolitical risk. The ongoing conflict in the Middle East and increasing uncertainty over who will win in the US election are both key factors driving investors to safe-play assets such as Gold.

Gold is likely to continue to find support from safe-haven flows as the war in the Middle East intensifies. Reuters reported on Friday that three Lebanese journalists had been killed in the bombing of a guesthouse used by members of the international press including Al Jazeera, Sky and Reuters.

Source: FXstreet

Related News

GOLD

Fed Rate Cut Bets Drive Gold to All-Time High

Gold prices extended gains to hit a record high on Friday on expectations of interest rate cuts by the Federal Reserve, while...

13 September 2024 21:27
GOLD

Global uncertainties propel gold to record high, silver soar...

Normal 0 false false false EN-US X-NONE X-NONE ...

21 October 2024 18:55
GOLD

Gold at Over One-Week Low on Firm Dollar, US Payrolls Data A...

Gold prices eased to their lowest in more than a week on Tuesday, pressured by a firm dollar, while investors awaited U.S. no...

4 September 2024 01:51
GOLD

Gold Breaks $2,600 Barrier as Fed Cut Bets Prolong Historic ...

Gold soared above the $2,600 level on Friday for the first time, extending a rally boosted by bets for further U.S. interest ...

21 September 2024 01:52
BIAS23.com NM23 Ai