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Gold price clings to gains around $2,000 amid mixed US PMI data Gold price is struggling to capitalize on mixed US PMI data in American trading on Black Friday. A broadly weaker US Dollar continues to underpin the sentiment around Gold price, despite the recovery in the US Treasury bond yields. US stock and bond markets are due for an early close. TARGET TO REACH...
Gold revisits $2,000 with new 3-month high Gold retained its shine across the safe haven world on Friday, revisiting $2,000 the first time since August and eventually setting a three-month high, as contagion worries from the Middle East’s latest war and the Federal Reserve’s hesitancy to raise US interest rates anymore sent a horde of investors toward the yellow...
Gold prices shot up in a pavlovian response to the war crisis between Israel and Palestine. The yellow metal gained its sheen as investors rushed to put their money in safe-havens like gold along with bonds and US dollars. Gold jumped close to two per cent in last session.