Gold recovers

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Gold has recently risen above the $3050 level, reflecting a strong demand for safe-haven assets in the face of ongoing economic uncertainty. This upward movement is driven by investors seeking stability amidst inflation concerns, geopolitical tensions, and potential market volatility. The recovery suggests a potential move toward $3100 in the short term, as gold continues to benefit from its role as a reliable store of value.



Looking ahead, if the bullish trend persists, gold could push towards even higher levels, with a target of $3168. Factors like rising inflation, continued economic uncertainty, and central bank gold purchases could support this upward momentum. As inflation fears grow and the global financial environment remains unpredictable, gold is likely to remain an attractive option for investors looking to hedge against potential risks.

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