#News #Gold

🟡 Gold Safe Haven Section GOLD -OPFX

•Gold prices rose for the third time in a row!

Gold prices have risen clearly in conjunction with the increase in concerns about global geopolitical tensions, especially in light of the negative developments in the Russian-Ukrainian war, which has boosted demand for the yellow metal as the best safe haven at the present time.

In this context, news reports indicated today, Wednesday, that Ukrainian forces launched British cruise missiles at military targets inside Russia for the first time, as the conflict that has been ongoing for a thousand days entered a new phase, and these developments have boosted demand for gold in light of fears of the expansion of the war and the possibility of a new world war, especially after Russian President Vladimir Putin approved an updated nuclear doctrine that expands the conditions for the use of nuclear weapons.

Gold prices also benefited from the optimism about the future rise of gold, as experts at Goldman Sachs had previously expected that gold prices would continue to rise in 2025, coinciding with the start of Donald Trump’s presidential term, indicating that the precious metal could reach new record levels next year. The bank confirmed in a research note that central banks and lower US interest rates will be the main drivers behind this expected rise.

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