Gold Prices Surge as Weak Equities and Bond Yields Fuel Safe-Haven Demand
Gold prices rose on Thursday, driven by weak equities and bond yields.
Safe-Haven Demand Boosts Gold Prices
Gold’s safe-haven status attracted investors amid market uncertainty.
US Economic Data in Focus
Upcoming US economic data will influence gold prices.
Key Market Data:
- Spot gold rose 0.5% to $2,658.49 an ounce
- Gold futures expiring in December rose 0.6% to $2,670.10 an ounce
- US 10-year bond yields fell 2.5% to 1.63%
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Additional Sections:
Market Outlook:
- Weak equities and bond yields signal a bullish market outlook for gold.
- Traders should consider long-term trading strategies.
Trading Strategy: