$XAU Gold rebounded strongly today, with spot prices now above the 4130–4140 area and intraday gains nearing 2%.
After the U.S. midterm election results were finalized, the dollar weakened. Combined with a sharp pullback in crude oil prices, this eased inflation and interest-rate hike pressures, sending funds back into gold.
After the U.S. midterm election results were finalized, the dollar weakened. Combined with a sharp pullback in crude oil prices, this eased inflation and interest-rate hike pressures, sending funds back into gold.