Gold on the verge of breaking above $2,800 - London Business News | Londonlovesbusiness.com
Briefly

Despite recent interruptions in gold's rally due to bearish market moves, the overall momentum for gold remains robust. With concerns surrounding AI valuations leading to broad market deleveraging, gold's safe-haven status is becoming increasingly significant. Factors such as the U.S. government's tariff stance and declining Treasury yields contribute to its attractiveness. As traders await crucial economic announcements from the Fed, the implications of inflation data on gold's performance are vital, with a potential hawkish Fed stance risking a temporary pullback but also leaving room for bullish prospects.
Traders are evaluating gold's increasing relevance as a hedge against trade risks amid volatile AI valuations and heightened economic uncertainty.
Gold's ascent may gain steam as shifts in tariff policies and U.S. inflation trends reinforce its value against economic turbulence.
Read at London Business News | Londonlovesbusiness.com
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