Gold Prices Ease Slightly Amid Stable Dollar
Gold prices edged lower to around $2,750 per ounce on Thursday, pausing a three-day rally as the US dollar steadied. Despite this, gold remains near its highest level since early November and close to its all-time high of $2,790. Safe-haven demand continues to support gold prices amid global uncertainties, including fears of trade wars tied to President Donald Trump’s potential tariff plans. Additional support came from the European Central Bank, which hinted at further rate cuts, likely favoring non-yielding assets like gold. Meanwhile, the Federal Reserve is expected to maintain its interest rates in the upcoming meeting, with a hawkish stance due to concerns over inflation driven by U.S. policies. In geopolitical news, tensions escalated as Israel launched a drone attack in southern Lebanon despite a ceasefire with Hamas, further boosting gold’s appeal as a safe-haven asset.

#GoldPrices #SafeHavenDemand #GlobalTrade #ECB #FederalReserve #GeopoliticalTensions #GoldMarket #USDollar