Gold prices remain positive near $2,625 in early Thursday trading, supported by geopolitical risks, central bank buying, and safe-haven flows. However, expectations of a slower pace of Fed rate cuts may limit further gains.
Gold price holds positive ground to near $2,625 in Thursday’s early Asian session. Geopolitical risks, central bank buying , and safe-haven flows might boost the Gold price. The expectation of a slower pace of the Fed rate cut might cap the upside for the yellow metal. Gold price trades with mild gains to around $2,625 during the early Asian session on Thursday. The uncertainties around Donald Trump's tariff policies, geopolitical risks , and central bank buying support the yellow metal.
Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government. Who buys the most Gold? Central banks are the biggest Gold holders.
Gold Price XAU/USD Geopolitical Risks Central Bank Buying Fed Rate Cuts
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