Gold Prices Rise, Promising Recovery After the Election
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The price of gold has risen slightly to $2,735 per ounce in the morning trading session on Monday after a slight adjustment over the weekend due to profit-taking pressure and a strong US dollar.
The main driving force behind the increase in gold prices remains the political instability, particularly the ongoing election between former President Donald Trump and Vice President Kamala Harris, which is prompting investors to turn to gold as a safe-haven asset. Additionally, geopolitical tensions in the Middle East and prolonged inflation forecasts are also contributing factors supporting gold's upward trend.
It is expected that gold price will continue to increase in the near future. The political instability and the need for deep assets in the context of global tensions will be the main driving force of this increase. If the economic indicators from the US are unfavorable, the gold trend may be further strengthened.
The price of gold has risen slightly to $2,735 per ounce in the morning trading session on Monday after a slight adjustment over the weekend due to profit-taking pressure and a strong US dollar.
The main driving force behind the increase in gold prices remains the political instability, particularly the ongoing election between former President Donald Trump and Vice President Kamala Harris, which is prompting investors to turn to gold as a safe-haven asset. Additionally, geopolitical tensions in the Middle East and prolonged inflation forecasts are also contributing factors supporting gold's upward trend.
It is expected that gold price will continue to increase in the near future. The political instability and the need for deep assets in the context of global tensions will be the main driving force of this increase. If the economic indicators from the US are unfavorable, the gold trend may be further strengthened.
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