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Geopolitical tension

Geopolitical factors are a major driver of gold due to the fact that gold is considered a safe haven. The upcoming French and British elections could create changes in the political arena that will affect monetary policy, as polls show a serious risk of a shift to the far right in France. In Britain, Labor seems unlikely to win on 4 July but the right-wing Reform Party continues to rally support at the expense of the Conservatives.

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

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