Gold price scales a new all-time on Wednesday and benefits from a combination of factors. Rising geopolitical tensions in the Middle East continue to benefit the safe-haven XAU/USD. A weaker USD also lends support, though reduced June Fed rate cut bets might cap gains. Gold price (XAU/USD) attracts some buyers for the seventh straight day on Wednesday and hits a fresh record peak, around the $2,288-2,289 area during the Asian session amid the flight to safety. Against the backdrop of geopolitical risks stemming from the Russia-Ukraine war and conflicts in the Middle East, the uncertainty over the Federal Reserve’s (Fed) plans to cut rates and a devastating earthquake in Taiwan weigh on investors’ sentiment. This is evident from a generally weaker tone around the equity markets and turns out to be a key factor acting as a tailwind for the safe-haven precious metal. En savoir plus
Le prix de l’or consolide ses gains récents pour atteindre un niveau record, le potentiel haussier reste intact
