Latest News

Gold Price

The recent report from the WGC highlights that the growth in global gold demand was primarily fueled by robust investment in the over-the-counter market, consistent purchasing by central banks, and increasing interest from Asian markets, particularly China and India. Additionally, the prevailing risk-averse atmosphere and uncertainties related to geopolitical tensions in the Middle East could further elevate the appeal of traditional safe-haven assets such as gold.
Gold traders are anticipating new developments. The upcoming release of the US weekly Initial Jobless Claims on Thursday and a scheduled speech by San Francisco Fed President Mary Daly, known for her dovish stance within the US central bank, later in the day, are awaited. Dovish comments from Federal Reserve officials might limit the downside potential of gold prices in the near term.


Dr. Kamaran Qader Yaqub,
Financial consultant at Investment Spot company.

Share This Share This