The price of gold, represented by XAU/USD, continues to rise, reaching
around $2,400, marking a new record high.
Ongoing geopolitical tensions in the
Middle East contribute significantly to this surge, as investors seek the
safety of gold. Additionally, anticipations of interest rate cuts by major
central banks in the near future further bolster the appeal of gold as a
non-yielding asset.
Dr. Kamaran Qader Yaqub,
Fundamental Analyst and Financial consultant at Investment Spot company.