Category: Global Economy
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Stunning Surge Sees Gold Price Eclipse $3,300 Amid Trade Uncertainties, Weak USD
In a stunning market movement, the price of gold has risen past the $3,300 mark. This surge is largely due to the growing uncertainty regarding international trade and weak performance of the U.S. dollar. Experts believe interested parties are pulling away from the shaky U.S dollar and moving towards the safe heaven the gold provides.…
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Silver’s Resilience: XAG/USD Rebounds Amidst Global Trade War
In the tumultuous landscape of the global economy, the silver market consistently proves its resilience. Recently, the XAG/USD has rebounded impressively, crossing the $30.00 mark. This recovery coincides with a period of escalated trade tensions worldwide, demonstrating silver’s status as a safe haven for many investors. The evolving geopolitical atmosphere brings uncertainty in many sectors,…
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Gold Reaches Over One-Month High as US Yields Weaken
Gold prices surged to an over one-month high as U.S. yields weakened, following the latest data release from the United States. This slump in yields provides an increased appeal for gold, a non-yielding metal, thus driving up its price. Further, factors such as geopolitical concerns, instability on the forex market, and global inflation fears continue…